eBay Q2 2022 earnings infographic


E-commerce firm eBay Inc. (NASDAQ: EBAY) on Wednesday reported flat earnings for the second quarter of 2022, when the company’s revenues decreased. However, both the the top-line and earnings beat analysts’ estimates.

Adjusted earnings from continuing operations remained unchanged year-over-year at $0.99 per share, and topped expectations. On an unadjusted basis, it was a net loss from continuing operations of $536 million or $0.96 per share in the June quarter, compared to profit of $294 million or $0.43 per share in the same period of last year.

At $2.42 billion, second-quarter revenues were down 9% from the year-ago quarter. Market watchers were looking for a smaller topline number.

Check this space to read analysts/management’s comments on eBay’s Q2 earnings

eBay’s stock closed Wednesday’s regular trading higher and continued to gain during the extended session after the announcement.

Prior Performance


Image and article originally from news.alphastreet.com. Read the original article here.