eBay Inc reports results for the quarter ended June 30 - Earnings Summary

• eBay Inc EBAY.OQ reported quarterly adjusted earnings of $1.37​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of $1.18. The mean expectation of twenty seven analysts for the quarter was for earnings of $1.30 per share. Wall Street expected results to range from $1.24 to $1.38 per share.

• Revenue rose 6.1% to $2.73 billion from a year ago; analysts expected $2.64 billion.

• eBay Inc's reported EPS for the quarter was 79 cents​.

• The company reported quarterly net income of $368 million.

• eBay Inc shares had risen by 5.4% this quarter and gained 26.7% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 0.1% in the last three months.​

• In the last 30 days, two analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 10 "strong buy" or "buy," 20 "hold" and 3 "sell" or "strong sell." The average consensus recommendation for the online services peer group is "buy."

• Wall Street's median 12-month price target for eBay Inc is $72.00, about 7.7% below its last closing price of $77.56

This summary was machine generated from LSEG data July 31 at 12:01 a.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)