eBay Earnings, Revenue Beat in Q2
2022.08.03 23:50
eBay Earnings, Revenue Beat in Q2
Investing.com – eBay (NASDAQ:EBAY) reported on Wednesday second quarter earnings that beat analysts’ forecasts and revenue that topped expectations.
eBay announced earnings per share of $0.99 on revenue of $2.42B. Analysts polled by Investing.com anticipated EPS of $0.8899 on revenue of $2.37B.
eBay shares are down 24% from the beginning of the year, still down 37.82% from its 52 week high of $81.19 set on October 22, 2021. They are under-performing the Nasdaq which is down 19.03% from the start of the year.
eBay shares gained 4.73% in after-hours trade following the report.
eBay follows other major Consumer Discretionary sector earnings this month
eBay’s report follows an earnings missed by Amazon.com on July 28, who reported EPS of $-0.2 on revenue of $121.23B, compared to forecasts EPS of $0.1199 on revenue of $119B.
Tesla had beat expectations on July 20 with second quarter EPS of $2.27 on revenue of $16.93B, compared to forecast for EPS of $1.81 on revenue of $16.54B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar
