EBAY eBay Inc

   By Aisha Al-Muslim 
 

eBay Inc. (EBAY) reported its second-quarter results after the close of trading Wednesday. Here's what you need to know.

PROFIT: Net income for the online retailer was $642 million, or 64 cents a share, compared with $29 million, or three cents a share, for the same quarter a year before. Adjusted earnings were 53 cents a share, beating the 51 cents a share analysts polled by Thomson Reuters were looking for.

REVENUE: Total net revenue rose 9% to $2.64 billion, but missed the consensus forecast of $2.66 billion.

GUIDANCE: For 2018, the company guided revenues of $10.75 billion to $10.85 billion, compared with analysts' estimates of $10.95 billion. The company also guided adjusted earnings per share of $2.28 to $2.32 in 2018, compared with analysts' estimates of $2.27 a share.

For the third quarter, the company guided revenues of $2.64 billion to $2.69 billion, compared with analysts' estimates of $2.73 billion. The company also guided adjusted earnings per share of 54 cents to 56 cents, compared with analysts' estimates of 56 cents a share.

STOCK MOVE: The stock has fallen 0.9% to $37.60 in after-hours trading Wednesday. Shares are up 3.1% in the last year.

Write to Aisha Al-Muslim at aisha.al-muslim@wsj.com

(END) Dow Jones Newswires

July 18, 2018 16:45 ET (20:45 GMT)

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