eBay Beats Estimates; Reaffirms Guidance
eBay (NASDAQ: EBAY) released its fiscal second-quarter earnings after the closing bell on Wednesday. The company reported adjusted net income of $730 million or $0.56 per share, compared to $631 million or $0.48 per share, in the year ago period. This came in ahead of Wall Street analysts' consensus EPS estimates of $0.55.
Net revenues in the period were up 23 percent to $3.40 billion, compared to $2.76 billion in the year ago period. This came in ahead of Wall Street analysts' consensus estimates of $3.36 billion.
Looking ahead to the third-quarter, the company sees non-GAAP EPS of $0.53 to $0.55 on net revenues of $3.30 billion to $3.40 billion. Analysts currently expect EBAY to report EPS of $0.55 on revenues of $3.42 billion.
For the full-year 2012, EBAY sees non-GAAP EPS of $2.30 to $2.35 on revenues of $13.80 billion to $14.1 billion. This compares to current analysts' EPS consensus of $2.35 on revenues of $13.98 billion.
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