Investing.com - eBay (NASDAQ:EBAY) reported on Wednesday second quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
eBay announced earnings per share of $0.99 on revenue of $2.67B. Analysts polled by Investing.com anticipated EPS of $0.9591 on revenue of $3B.
eBay shares are up 35% from the beginning of the year and are trading at $71.22 , down-from-52-week-high.They are outperforming the Nasdaq which is up 14.56% from the start of the year.
eBay shares gained 4.70% in after-hours trade the report.
eBay follows other major Services sector earnings this month
eBay's report follows an earnings beat by Amazon.com on Thursday, July 29, 2021, who reported EPS of $15.12 on revenue of $113.08B, compared to forecasts EPS of $12.23 on revenue of $115.42B.
Alibaba ADR had beat expectations on Tuesday, August 3, 2021 with first quarter EPS of $16.6 on revenue of $205.74B, compared to forecast for EPS of $14.32 on revenue of $209.11B.
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