eBay: second-quarter net income fell sharply.
(CercleFinance.com) - Faced with rising costs and hefty investments, eBay saw net income collapse 94% in second-quarter, to 27 million dollars, or 2 cents a share.
The e-commerce company's non-GAAP net income from continuing operations was 493 million dollars, or 45 cents per share, in line with analysts' expectations.
The group's revenue for the quarter was 2.3 billion dollars, up 4% on as reported, beating the consensus by around 200 million dollars.
eBay, which approved an additional 3 billion dollars stock repurchase plan, expects non-GAAP earnings per diluted share from continuing operations in the range of 46 to 48 cents in the third quarter, with net revenue of between 2.35 billion dollars and 2.39 billion dollars.
By comparison, the consensus expected EPS of 48 cents with net revenue of 2.32 billion dollars.
Listed on the Nasdaq, eBay shares are down 1.3% at 36.7 dollars after these results.
Copyright (c) 2017 CercleFinance.com. All rights reserved.
The e-commerce company's non-GAAP net income from continuing operations was 493 million dollars, or 45 cents per share, in line with analysts' expectations.
The group's revenue for the quarter was 2.3 billion dollars, up 4% on as reported, beating the consensus by around 200 million dollars.
eBay, which approved an additional 3 billion dollars stock repurchase plan, expects non-GAAP earnings per diluted share from continuing operations in the range of 46 to 48 cents in the third quarter, with net revenue of between 2.35 billion dollars and 2.39 billion dollars.
By comparison, the consensus expected EPS of 48 cents with net revenue of 2.32 billion dollars.
Listed on the Nasdaq, eBay shares are down 1.3% at 36.7 dollars after these results.
Copyright (c) 2017 CercleFinance.com. All rights reserved.