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eBay beats estimates, stock rises modestly amid mixed guidance
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Investing.com - Ebay Inc (NASDAQ:EBAY) reported better-than-anticipated second-quarter earnings and revenue, though shares rose only modestly in premarket trading on Thursday after the company provided mixed current-quarter guidance.
Revenue reached $3.1 billion, up 15% versus a year ago and above estimates.
For the third quarter, eBay projected revenue of $3.07 billion to $3.12 billion, with a midpoint of $3.095 billion that exceeds analysts' consensus of $2.99 billion.
The company returned $448 million to stockholders during the quarter, including $310 million in share repurchases and $138 million in dividends.
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