E-commerce giant eBay Inc. (NASDAQ: EBAY) on Wednesday reported flat earnings for the second quarter of 2021 when revenues increased in double digits. The top-line came in below the market’s predictions, while earnings beat.
Net income from continuing operations was $294 million or $0.43 per share in the June quarter, compared to $689 million or $0.97 per share in the same period of last year. Adjusted earnings from continuing operations remained unchanged year-over-year at $0.99 per share but topped expectations.
At $2.67 billion, revenues were up 14% from the year-ago quarter. Market watchers were looking for faster topline growth. There was a 5% increase in the number of annual active buyers.
Read analysts/managements’ comments on eBay’s Q2 earnings
eBay’s stock closed Wednesday’s regular trading higher but declined during the extended session, soon 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
A look at Weber’s (WEBR) first quarterly report as a public company
Shares of outdoor grill maker Weber Inc. (NYSE: WEBR) were up 9% on Wednesday after the company released its first quarterly earnings report since going public last month. The stock
Is Crocs (NASDAQ: CROX) stock still a buy after the massive rally?
While throwing markets into disarray, the widespread shutdown also had a positive effect on industries like retail and technology, but there are surprise winners like Crocs, Inc. (NASDAQ: CROX) that
Leaf Mobile CEO Darcy Taylor: Aiming to double game portfolio by year-end
Credit: agrobacter on iStock How do you see the future of mobile gaming revenues – is it going to be primarily from advertisements, or will it be more skewed towards
