Though he called the quarter’s results strong, eBay’s chief executive, John
Donahoe, said economic weakness in Europe and Korea would “continue to be a
challenge” in the second half of the year.
EBay said it earned $640 million, or 49 cents a share, in the April-June period, compared with $692 million, or 53 cents a share, a year earlier.
Adjusted to exclude one-time items, earnings rose to 63 cents a share, from 56 cents, and matched Wall Street’s expectations.
Revenue rose to $3.88 billion from $3.4 billion. Analysts polled by FactSet expected $3.89 billion.
Mr. Donahoe said eBay’s core businesses — PayPal and its e-commerce sites — were going strong. PayPal added 4.7 million active registered accounts, ending the quarter with 132 million users.
EBay’s operating expenses were $1.92 billion, up 12 percent from a year earlier.
For the current quarter, eBay is forecasting earnings of 49 cents to 51 cents a share and adjusted earnings of 61 cents to 63 cents a share. Analysts estimated higher adjusted earnings of 65 cents a share. EBay expects revenue of $3.85 billion to $3.95 billion, short of analysts’ expectations of $3.97 billion.
EBay still expects adjusted earnings of $2.70 to $2.75 a share and revenue of $16 billion to $16.5 billion for the full year. Analysts forecast adjusted earnings of $2.75 a share on revenue of $16.31 billion.
The midpoint of eBay’s earnings outlook for the year is below analysts’ average estimate.
EBay said it earned $640 million, or 49 cents a share, in the April-June period, compared with $692 million, or 53 cents a share, a year earlier.
Adjusted to exclude one-time items, earnings rose to 63 cents a share, from 56 cents, and matched Wall Street’s expectations.
Revenue rose to $3.88 billion from $3.4 billion. Analysts polled by FactSet expected $3.89 billion.
Mr. Donahoe said eBay’s core businesses — PayPal and its e-commerce sites — were going strong. PayPal added 4.7 million active registered accounts, ending the quarter with 132 million users.
EBay’s operating expenses were $1.92 billion, up 12 percent from a year earlier.
For the current quarter, eBay is forecasting earnings of 49 cents to 51 cents a share and adjusted earnings of 61 cents to 63 cents a share. Analysts estimated higher adjusted earnings of 65 cents a share. EBay expects revenue of $3.85 billion to $3.95 billion, short of analysts’ expectations of $3.97 billion.
EBay still expects adjusted earnings of $2.70 to $2.75 a share and revenue of $16 billion to $16.5 billion for the full year. Analysts forecast adjusted earnings of $2.75 a share on revenue of $16.31 billion.
The midpoint of eBay’s earnings outlook for the year is below analysts’ average estimate.
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