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Wednesday, October 19, 2016

===eBay (EBAY) reported earnings on Wed 19 Oct 2016 (a/h)





eBay beats by $0.01, beats on revs; guides Q4 EPS and revenue in-line with the midpoint below consensus :
  • Reports Q3 (Sep) earnings of $0.45 per share, $0.01 better than the Capital IQ Consensus of $0.44; revenues rose 5.6% year/year to $2.22 bln vs the $2.19 bln Capital IQ Consensus.  
  • Gross merchandise volume (:GMV) of $20.1 billion, increased 3% or 5% ex-FX.
  • In the third quarter, eBay added over one million active buyers across its platforms, to a total of 165 million global active buyers. Underlying total eBay Inc. performance, the Marketplace platforms delivered $19.0 billion of GMV and $1.8 billion of revenue. Marketplace revenue was up 5% on an FX-Neutral basis and 2% on an as-reported basis, driven by GMV growth of 4% on an FX-Neutral basis and 2% on an as-reported basis as well as growth in Marketing Services & Other revenue. StubHub had another strong quarter with GMV of $1.1 billion, up 23%, and revenue of $263 million, up 32%, aided by strength across concerts, theater and baseball as well as the continued benefit from ongoing product innovation. The Classifieds platforms delivered another quarter of good performance with revenue of $197 million, up 14% on an FX-Neutral basis and 11% on an as-reported basis, primarily driven by the Automotive and Real Estate verticals across several key geographies.
  • Co issues in-line guidance for Q4, sees EPS of $0.52-0.54 vs. $0.54 Capital IQ Consensus Estimate; sees Q4 revs of $2.36-2.41 bln (+4-6% ex-FX) vs. $2.4 bln Capital IQ Consensus Estimate.

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