For the second quarter, eBay Inc. (NASDAQ:$EBAY) reported a revenue beat and in-line earnings. In an after-hours trading session, eBay shares were trading down about 3% to $36. The online retailer reported earnings after Thursday’s closing bell.
The California-based company reported earnings of 45 cents per share, which was compatible with expectations from analysts, on revenue of $2.33 billion, which surpassed expectations for $2.31 billion. In the second quarter of 2016, eBay brought in 43 cents per share on revenue of $2.23 billion. Additionally, the earnings were in line with the retail company’s own prediction of 43 cents to 45 cents, which it disclosed in its last quarterly report.
Total Gross Merchandise Volume (GMV) came in at $21.5 billion, compared to $20.25 billion in the 2016 period. For Q2, eBay added two million active buyers across its platforms, thus totaling to 171 million global active buyers.
Last but not least, eBay disclosed an additional $3 billion stock buyback.
As of right now, based on analysts surveyed by FactSet, eBay’s stock has 19 ‘hold’ ratings, 11 ‘buy’ ratings, and one ‘sell’ rating.
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