eBay Shares Fall Post Earnings on Disappointing Guidance
2022.05.05 00:46
eBay (EBAY) Shares Fall Post Earnings on Disappointing Guidance
eBay (NASDAQ:EBAY) shares were down around 6% after-hours following the company’s guidance miss, while Q1 results came in better than expected.
Quarterly EPS of $1.05 came in above the consensus estimate of $1.03. Revenue was $2.5 billion (down 6% year-over-year), compared to the consensus estimate of $2.46 billion. Gross merchandise volume declined 20% year-over-year to $19.4 billion.
The company expects Q2/22 EPS in the range of $0.87-$0.91, compared to the consensus of $1.01, and revenue in the range of $2.35-2.4 billion, compared to the consensus of $2.54 billion.
For the full 2022-year, the company expects EPS of $3.90-$4.10, compared to the consensus of $4.34, and revenue of $9.6-9.9 billion, compared to the consensus of $10.4 billion.
By Davit Kirakosyan
