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eBay Inc. Q3 adjusted earnings Beat Estimates

(RTTNews) - eBay Inc. (EBAY) reported earnings for third quarter that declined from the same period last year.

The company's profit came in at $310 million, or $0.37 per share. This compares with $720 million, or $0.73 per share, in last year's third quarter.

Excluding items, eBay Inc. reported adjusted earnings of $563 million or $0.67 per share for the period.

Analysts had expected the company to earn $0.64 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

Revenue came in at $2.65 billion, equal to the mark posted in the same period last year.

eBay Inc. earnings at a glance:

-Earnings (Q3): $563 Mln. vs. $554 Mln. last year. -EPS (Q3): $0.67 vs. $0.56 last year. -Analysts Estimate: $0.64 -Revenue (Q3): $2.65 Bln vs. $2.65 Bln last year.

-Guidance: Next quarter EPS guidance: $0.73 - $0.76 Next quarter revenue guidance: $2.77 - $2.82 Bln Full year EPS guidance: $2.75 - $2.78 Full year revenue guidance: $10.75 - $10.80 Bln

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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