=eBay (EBAY) reported earnings on Wed 18 July 18 (a/h)

eBay beats by $0.02, reports revs in-line; guides Q3 EPS in-line, revs below consensus; guides FY18 EPS above consensus, revs below consensus 

• Reports Q2 (Jun) earnings of $0.53 per share, $0.02 better thanthe Capital IQ Consensus of $0.51; revenues rose 9.1% year/year to $2.64 bln vs the $2.66 bln Capital IQ Consensus.
• In Q2, eBay grew active buyers by 4% across its platforms, for a total of 175 million global active buyers.
• GMV was up 11% on an as-reported basis and 7% on an FX-Neutral basis.
• Non-GAAP operating margin decreased to 25.2% in 2Q18, compared to 26.4% for the same period last year.
• The company generated $372 million of operating cash flow from continuing operations and $188 million of free cash flow from continuing operations during 2Q18.
• Co issues guidance for Q3, sees EPS of $0.54-$0.56 vs. $0.56 Capital IQ Consensus Estimate; sees Q3 revs of $2.64-$2.69 bln vs. $2.73 bln Capital IQ Consensus Estimate.
• Co issues mixed guidance for FY18, sees EPS of $2.28-$2.32 vs. $2.27 Capital IQ Consensus Estimate; sees FY18 revs of $10.75-$10.85 bln vs. $10.95 bln Capital IQ Consensus Estimate.