The eBay Q2 2017 earnings and Visa Q3 2017 earnings reports were released after closing bell tonight.
eBay reported earnings from continuing operations of 45 cents per share on $2.3 billion in sales, against the consensus estimates of 45 cents per share and $2.3 billion in revenue for the second quarter. In the same quarter a year ago, the online marketplace firm reported 43 cents per share in earnings. In the company’s first-quarter earnings report, eBay management provided an outlook of $2.28 billion to $2.32 billion in net revenues and earnings per share of 43 cents to 45 cents.
For its third fiscal quarter, Visa posted earnings of 86 cents per share on $4.57 billion in revenue, compared to the consensus estimates of 81 cents per share on $4.36 billion in revenue. In last year’s third quarter, the credit card services provider reported earnings of 17 cents per share on $4.48 billion in revenue.
eBay Q2 2017 earnings
Simon / Pixabay
eBay’s GAAP earnings plunged 95% year over year to 2 cents per share from 38 cents in the year-ago quarter. Total gross merchandise volume rose 3% year over year to $21.5 billion, while Marketplace gross merchandise volume rose 3% to $20.5 billion. Marketplace revenue grew 4% to $1.9 billion. StubHub’s gross merchandise volume fell 5% to $1 billion, while its revenue rose 5% to $236 million. The company added 2 million active buyers across all its platforms, bringing the total number of active buyers to 171 million around the globe.
eBay management expects $2.35 billion to $2.39 billion in net revenues for the third quarter. They look for non-GAAP earnings of 46 cents to 48 cents per share and GAAP earnings of 30 cents to 32 cents per share. For the full year, they expect $9.3 billion to $9.5 billion in revenue, non-GAAP earnings of $1.98 to $2.03 per share, and GAAP earnings of $1.65 to $1.75 per share.
Following the eBay Q2 2017 earnings report, the online marketplace platform’s shares plunged in after-hours trades, falling by as much as 3.2% to $35.99.
