Categories AlphaGraphs, Earnings, Retail

Earnings: eBay Q2 revenue down 9%; profit beats estimates

E-commerce firm eBay Inc. (NASDAQ: EBAY) on Wednesday reported flat earnings for the second quarter of 2022 when the company’s revenues decreased. However, both the top-line and earnings beat analysts’ estimates.

eBay Q2 2022 earnings infographic

Adjusted earnings from continuing operations remained unchanged year-over-year at $0.99 per share, and topped expectations. On an unadjusted basis, it was a net loss from continuing operations of $536 million or $0.96 per share in the June quarter, compared to profit of $294 million or $0.43 per share in the same period of last year.

At $2.42 billion, second-quarter revenues were down 9% from the year-ago quarter. Market watchers were looking for a smaller topline number.

Check this space to read analysts/management’s comments on eBay’s Q2 earnings

eBay’s stock closed Wednesday’s regular trading higher and continued to gain during the extended session after the announcement.

Prior Performance

  • eBay Q4 2021 earnings infographic
  • eBay reports Q3 2021 earnings results
  • eBay Q2 2021 earnings infographic

Looking for more insights on the earnings results? Click here to access the full transcripts of the latest earnings conference calls!

Most Popular

Amazon (AMZN) ups the ante in the AI race. Is the stock a buy?

For, Inc. (NASDAQ: AMZN), expanding the cloud infrastructure business has been a key priority lately, while maintaining its dominance in the e-commerce market. Currently, the company is busy ramping

LEN, KBH: How did the third quarter turn out for these homebuilders?

Homebuilders Lennar Corporation (NYSE: LEN) and KB Home (NYSE: KBH) reported their third quarter 2023 earnings results recently. Both companies saw their revenues and profits fall during the period amid

KMX Earnings Preview: Will CarMax return to the fast lane this year?

CarMax, Inc. (NYSE: KMX) is preparing to publish second-quarter results on Thursday. Over the years, it has evolved into a diversified company, with the scale of operations and omnichannel strategy

Add Comment
Viewing Highlight