eBay (EBAY) Misses Q3 EPS by 1c, Raises Guidance

eBay (NASDAQ: EBAY) reported Q3 EPS of $0.85, $0.01 worse than the analyst estimate of $0.86. Revenue for the quarter came in at $2.6 billion versus the consensus estimate of $2.69 billion.

"I'm pleased with the third quarter results," said Jamie Iannone, Chief Executive Officer at eBay Inc. "On an apples to apples basis, we delivered results that exceeded expectations on both the top and bottom lines. Our third quarter performance reflects the strength of our newly focused strategy coupled with the enormous untapped potential of our marketplace. As we continue our multi-year journey to become the best global marketplace to buy and sell, I am proud of the progress our team is making toward our tech-led reimagination."

Third Quarter Marketplace Financi

GUIDANCE:

eBay raised Q4 2020 EPS to $0.78-$0.84, versus the consensus of $0.88. eBay sees Q4 2020 revenue of $2.64-2.71 billion, versus the consensus of $2.78 billion.

For earnings history and earnings-related data on eBay (EBAY) click here.

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