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EBay Gets Picked Apart As Q3 Earnings Miss Some Key Metrics

Peddock Capital Advisors buys $500035 stake in eBay Inc (EBAY)

eBay Inc. (NASDAQ:EBAY) reported the earnings of $0.43/Share in the last quarter where the estimated EPS by analysts was $0.42/share.

Revenue in the current quarter will be $2.36 billion to $2.41 billion, San Jose, California-based EBay said Wednesday in a statement.

The company posted $0.45 in earnings per share (EPS) on $2.22 billion in revenue, versus consensus estimates from Thomson Reuters that called for $0.44 in EPS and $2.19 billion in revenue.

The online retailer's net revenue totaled $2.22 billion versus $2.19 forecast. Revenues hit $2.23B in the June 2016 quarter, which was above the analysts' $2.17B projection.

The number of shares eBay Inc now has in issue is 1,129,018,000, which have a value of 31.81 per share calculating eBay Inc's market capitalisation to 35.91B Dollars.

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Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with MarketBeat.com's FREE daily email newsletter. For the next 5 years, eBay Inc.is expecting Growth of 5.74% per annum, whereas in the past 5 years the growth was 0.29% per annum. The company also expanded its margin quarter over quarter and increased its full-year revenue outlook by about 1% despite the weak guidance for the fourth quarter.

However, net profit from continuing operations fell to Dollars 413 million, or 36 cents per share, in the third quarter, from USD 539 million, or 45 cents per share, a year earlier.

eBay owes some of its recent growth to its "structured data" initiative, which basically means they are tagging keywords to items to improve search engine optimization and make things easier to find on the website. The company's total repurchase authorization remaining is $2.3 billion. The company generated $802 million in cash from continuing operations and spent $185 million on capex. The e-commerce company reported $0.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.44 by $0.01. It added over one million active buyers across its platforms, to a total of 165 million global active buyers.

eBay Inc. has the Market Capitalization of 36.72 Billion. The stock closed up by 0.88 at $32.52. eBay finished near the upper end of a month and a half long trading range at the highs of the year. Quadrant Capital Group LLC now owns 2,542 shares of the oilfield services company's stock valued at $104,000 after buying an additional 379 shares during the period. For comparison, constant-currency marketplace GMV grew 4% in the quarter, a slight deceleration versus 5% growth in the prior quarter, while marketplace revenue grew 5%, a slight acceleration versus earlier quarters due to the reduced promotional activity.

The results were driven by continuous strong performance across Marketplace, StubHub and Classifieds. Today, you can download 7 Best Stocks for the Next 30 Days.

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EBay Gets Picked Apart As Q3 Earnings Miss Some Key Metrics