eBay (EBAY) Tops Q2 EPS by 4c, Offers Q3 Guidance
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eBay (EBAY) Dips on Mixed Q2 Results, Analysts Raise PTs on Buybacks and Higher Margin Outlook
August 12, 2021 7:45 AM EDTShares of eBay (NASDAQ: EBAY) are down over 1.5% in early Wednesday trading after the company reported its Q2 results.
eBay reported EPS of $0.99 per share to top the $0.95 expected from the market analysts. However, sales were reported at $2.7 billion, lower than the consensus estimate of $3 billion.
In Q2, on an apples-to-apples basis, all key business metrics met or exceeded expectations and revenue growth was driven by the acceleration in our payments migration and growth in advertising," said Jamie Iannone, Chief Executive Officer at eBay.
"During the quarter, we hit several... More
