eBay Inc. (NASDAQ: EBAY) reported first quarter 2020 earnings results today.
Revenue totaled $2.4 billion,
down 2% on a reported basis and up 1% on an FX-neutral basis.
GAAP net income from
continuing operations was $485 million, or $0.64 per share. Adjusted net
income from continuing operations was $586 million, or $0.77 per share.
For the second quarter of 2020,
the company expects net revenue to come between $2.38 billion and $2.48
billion, representing organic FX-neutral growth of 2-6%. GAAP EPS from
continuing operations is expected to be $0.50-0.57 and adjusted EPS from
continuing operations is estimated to be $0.73-0.80.
For the full year of 2020,
eBay expects net revenue of between $9.56 billion and $9.76 billion, reflecting
organic FX-neutral growth of 1-3%. GAAP EPS from continuing operations is
projected to be $2.20-2.30 while adjusted EPS from continuing operations is
estimated to be $3.00-3.10.
The Board of Directors declared a cash dividend of $0.16 per common share, payable on June 19, 2020 to stockholders of record as of June 1, 2020.