eBay Earnings Beat Street in Q2, Raises Guidance
eBay beat the Street in Q2, posting earnings of $0.43 a share on revenue of $2.2 billion. Analysts were looking for $0.42 a share on sales of $2.17 billion.
eBay (EBAY) - Get Report posted earnings of $0.43 a share on revenue of $2.2 billion. Analysts were looking for $0.42 a share on sales of $2.17 billion. Last year, eBay earned $0.42 a share on sales of $4.38 billion in its second quarter. As for details, eBay delivered gross merchandise volume of $20.9 billion, increasing six percent on a foreign exchange adjusted basis. The company also repurchased $500 million of common stock in the quarter and its board approved an additional $2.5 billion stock repurchase authorization. The company also raised full year 2016 revenue and profit guidance.
