{"id":41078,"date":"2023-07-27T07:05:15","date_gmt":"2023-07-27T11:05:15","guid":{"rendered":"https:\/\/ifintechworld.com\/investing\/ebay-stock-slips-as-earnings-outlook-comes-up-short\/"},"modified":"2023-07-27T07:05:18","modified_gmt":"2023-07-27T11:05:18","slug":"ebay-stock-slips-as-earnings-outlook-comes-up-short","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=41078","title":{"rendered":"EBay stock slips as earnings outlook comes up short"},"content":{"rendered":"
\n

EBay Inc. shares fell in the extended session Wednesday after the online marketplace\u2019s earnings outlook for the current quarter fell short of the Wall Street consensus following an earnings beat.<\/p>\n

Shares of eBay
\n EBAY,
\n +1.01%<\/bg-quote>
\n fell 4.6% after hours, following a 1% rise to close the regular session at $48.80.<\/p>\n

\n

The San Jose, Calif.-based company forecast third-quarter adjusted earnings of 96 cents to $1.01 a share on revenue of $2.46 billion to $2.52 billion, while analysts had estimated $1.02 a share on revenue of $2.47 billion.<\/p>\n

Meanwhile, eBay reported second-quarter net income of $171 million, or 32 cents a share, versus a $531 million loss, or 95 cents a share, in the year-ago period. Adjusted earnings, which exclude stock-based compensation expenses and other items, were $1.03 a share, compared with 99 cents a share in the year-ago period.<\/p>\n

Revenue rose to $2.54 billion from $2.42 billion in the year-ago period. Analysts surveyed by FactSet had estimated 99 cents a share on revenue of $2.51 billion.<\/p>\n<\/p><\/div>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

EBay Inc. shares fell in the extended session Wednesday after the online marketplace\u2019s earnings outlook for the current quarter fell short of the Wall Street consensus following an earnings beat. Shares of eBay EBAY, +1.01% fell 4.6% after hours, following a 1% rise to close the regular session at $48.80. The San Jose, Calif.-based company […]<\/p>\n","protected":false},"author":1,"featured_media":41079,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"video","meta":{"footnotes":""},"categories":[239],"tags":[83],"class_list":["post-41078","post","type-post","status-publish","format-video","has-post-thumbnail","hentry","category-investing","tag-featured","post_format-post-format-video"],"yoast_head":"\nEBay stock slips as earnings outlook comes up short | iFintechWorld<\/title>\n<meta name=\"description\" content=\"EBay Inc. shares fell in the extended session Wednesday after the online marketplace\u2019s earnings outlook for the current quarter fell short of the Wall\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ifintechworld.com\/?p=41078\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" 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