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.
The recent optimism about economic recovery waned slightly this week after jobless claims increased more-than-expected to about 778,000 amid concerns over a resurgence in coronavirus cases. With the healthcare system
Yunji Inc. (NASDAQ: YJ) Q3 2020 earnings call dated Nov. 26, 2020 Corporate Participants: Kaye Liu -- Investor Relations Director Shanglue Xiao -- Chairman of the Board of Directors and Chief Executive Officer Chen
Amazon Web Services (AWS), a leading cloud computing platform, went down in the morning hours of Wednesday. Many applications – including Anchor, Adobe Spark, Flickr, SiriusXM and Roku reported disruption