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.
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
Looking for more insights on the earnings results? Click here to access the full transcripts of the latest earnings conference calls!
Most Popular
DIS Earnings: All you need to know about Walt Disney’s Q4 2024 earnings results
The Walt Disney Company (NYSE: DIS) reported its fourth quarter 2024 earnings results today. Revenues increased 6% year-over-year to $22.6 billion. Net income attributable to The Walt Disney Company was
CSCO Earnings: Cisco Systems Q1 profit drops, but beats estimates
Network gear maker Cisco Systems Inc. (NASDAQ: CSCO) reported a year-over-year decrease in revenue and earnings for the first quarter of 2025. Earnings topped expectations. The San Jose-headquartered tech firm
A few points of note on Home Depot’s (NYSE: HD) 3Q24 performance
Shares of Home Depot (NYSE: HD) were up over 1% on Wednesday. The stock has gained 15% over the past three months. The company delivered better-than-expected earnings results for the