© Reuters. eBay Earnings beat, Revenue Inline In Q3Investing.com – eBay (NASDAQ:) reported third quarter that beat analysts’ expectations on Wednesday and revenue that was inline with forecasts.
The firm reported earnings per share of $0.67 on revenue of $2.65B. Analysts polled by Investing.com forecast EPS of $0.64 on revenue of $2.65B. That compared to EPS of $0.56 on revenue of $2.65B in the same period a year earlier. The company had reported EPS of $0.68 on revenue of $2.69B in the previous quarter.
eBay shares lost 4.13% to trade at $37.60 in after-hours trade following the report.
For the year, eBay shares are up 39.72%, outperforming the Nasdaq which is up 24.79% year to date.
eBay follows other major Services sector earnings this month
On Tuesday, McDonald’s reported third quarter EPS of $2.11 on revenue of $5.43B, compared to forecasts of EPS of $2.21 on revenue of $5.49B.
Costco earnings beat analyst’s expectations on October 3, with fourth quarter EPS of $2.69 on revenue of $47.5B. Investing.com analysts expected EPS of $2.54 on revenue of $47.44B
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar
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