eBay Inc. (EBAY - Free Report) just released its Q2 2016 earnings results, posting earnings of $0.36 per share and revenue of $2.23 billion.
Currently, EBAY has a Zacks Rank #3 (Hold), but it is subject to change following the release of the company’s latest earnings report. Here are 5 key statistics from this just announced report below.
EBAY:
Beat earnings estimates. The company posted earnings of $0.36 per share (Excluding $0.02 from non-recurring items), matching our Zacks Consensus Estimate of $0.36.
Beat revenue estimates. The company saw revenue figures of $2.23 billion, beating our estimate of $2.17 billion.
“Q2 was another good quarter where we delivered strong results and had acceleration in growth,” said President and CEO Devin Wenig. He continued, stating that “We are now one year into executing our strategy to provide the best choice, the most relevance and the most powerful selling platform, and there are signs of momentum in our business.”
StubHub, which eBay acquired in 2007, notably increased in Gross Merchandise value by 35% to $1.1 billion and increased in revenue by 40% to $225 million in Q2. eBay also crossed the one billion live listings mark for the first time, a reflection of its “efforts to expand the breadth of selection offered to consumers,” according to their official announcement.
EBAY was up $1.43, or 5.5%, to $28.48 as of 4:36 p.m. EDT in after-hours trading shortly after its earnings report was released.
Here’s a graph that looks at EBAY’s latest earnings performance:
eBay Inc. operates e-commerce platforms that connect buyers and sellers worldwide. Its platforms enable sellers to organize and offer inventory for sale, and buyers to find and buy it virtually.
Check back later for our full analysis oneBay Inc.’s latestquarterly earnings report!
If you want information on how to trade during earnings, check out the Zacks Market Edge Podcast below.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
eBay Inc. (EBAY - Free Report) just released its Q2 2016 earnings results, posting earnings of $0.36 per share and revenue of $2.23 billion.
Currently, EBAY has a Zacks Rank #3 (Hold), but it is subject to change following the release of the company’s latest earnings report. Here are 5 key statistics from this just announced report below.
EBAY:
Beat earnings estimates. The company posted earnings of $0.36 per share (Excluding $0.02 from non-recurring items), matching our Zacks Consensus Estimate of $0.36.
Beat revenue estimates. The company saw revenue figures of $2.23 billion, beating our estimate of $2.17 billion.
“Q2 was another good quarter where we delivered strong results and had acceleration in growth,” said President and CEO Devin Wenig. He continued, stating that “We are now one year into executing our strategy to provide the best choice, the most relevance and the most powerful selling platform, and there are signs of momentum in our business.”
StubHub, which eBay acquired in 2007, notably increased in Gross Merchandise value by 35% to $1.1 billion and increased in revenue by 40% to $225 million in Q2. eBay also crossed the one billion live listings mark for the first time, a reflection of its “efforts to expand the breadth of selection offered to consumers,” according to their official announcement.
EBAY was up $1.43, or 5.5%, to $28.48 as of 4:36 p.m. EDT in after-hours trading shortly after its earnings report was released.
Here’s a graph that looks at EBAY’s latest earnings performance:
eBay Inc. operates e-commerce platforms that connect buyers and sellers worldwide. Its platforms enable sellers to organize and offer inventory for sale, and buyers to find and buy it virtually.
Check back later for our full analysis oneBay Inc.’s latestquarterly earnings report!
If you want information on how to trade during earnings, check out the Zacks Market Edge Podcast below.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Get the latest research report on EBAY - FREE