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eBay Q2 results top estimates, but earnings guidance falls short; Shares slip

Investing.com -- eBay reported Wednesday earnings guidance for the current quarter that fell short of analyst estimates overshadowing better-than-expected second quarterly results amid 

 eBay Inc (NASDAQ:EBAY) shares fell 1.1% in after-hours trade following the report.

eBay announced adjusted EPS of $1.03 on revenue of $2.54B. Analysts polled by Investing.com anticipated EPS of $0.99 on revenue of $2.51B.

Gross merchandise volume was $18.2B, down 2% on an as-reported basis.

For Q3, the e-commerce platform guided adjusted EPS in a range of $0.96 of $1.01 on revenue of $2.46B to $2.52B. That compared with Wall Street estimates for adjusted EPS of $1.02  on revenue of $2.47B. 

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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71.4% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.