=eBay (EBAY) reported earnings on Thur 20 Jul 2017 (a/h)

eBay reports EPS in-line, revs in-line; guides Q3 EPS in-line, revs above consensus; reaffirms FY17 guidance; adds $3 bln to buyback:

• Reports Q2 (Jun) earnings of $0.45 per share, excluding non-recurring items, in-linewith the Capital IQ Consensus of $0.45; revenues rose 4.4% year/year to $2.33 bln vs the $2.31 bln Capital IQ Consensus.
• GMV $21.5 billion, increasing 3% on an as-reported basis and 5% on a foreign exchange (:FX) neutral basis.
• Underlying total eBay Inc. performance, the Marketplace platforms delivered $20.5 billion of GMV and $1.9 billion of revenue. Marketplace GMV was up 3% on an as-reported basis and 6% on an FX-Neutral basis, driven by the continued expansion of new user experiences and marketing efforts, which led to revenue growth of 4% on an as-reported basis and 7% on an FX-Neutral basis.
• StubHub drove GMV of $1.0 billion, down 5%, and revenue of $236 million, up 5%, driven by a softer U.S. events landscape compared to last year, partially offset by strong international growth. Classifieds accelerated growth in the quarter, delivering revenue of $219 million, up 6% on an as-reported basis and 11% on an FX-Neutral basis, primarily driven by healthy traffic growth and strong user engagement.
• eBay added two million active buyers across its platforms, for a total of 171 million global active buyers.
• Co issues guidance for Q3, sees EPS of $0.46-0.48, excluding non-recurring items, vs. $0.48 Capital IQ Consensus Estimate; sees Q3 revs of $2.35-2.39 bln vs. $2.32 bln Capital IQ Consensus Estimate.
• Co reaffirms guidance for FY17, sees EPS of $1.98-2.03, excluding non-recurring items, vs. $2.01 Capital IQ Consensus Estimate; sees FY17 revs of $9.3-9.5 bln vs. $9.42 bln Capital IQ Consensus Estimate.
• Repurchased $507 million of common stock in Q2 -- Board approves additional $3.0 billion stock repurchase authorization