=eBay (EBAY) reported earnings on Wed 17 July 19 (a/h)

eBay beats by $0.06, reports revs in-line; guides Q3 EPS in-line, revs below consensus; raises FY19 EPS guidance for the second quarter in a row, lowers revs guidance

Reports Q2 (Jun) earnings of $0.68 per share, $0.06 better thanthe S&P Capital IQ Consensus of $0.62; revenues rose 1.8% year/year to $2.69 bln vs the $2.67 bln S&P Capital IQ Consensus.

Co issues guidancefor Q3, sees EPS of $0.62-0.65 vs. $0.63 S&P Capital IQ Consensus; sees Q3 revs of $2.61-2.66 bln vs. $2.68 bln S&P Capital IQ Consensus.

Co raises guidance for FY19, sees EPS of $2.70-2.75, excluding non-recurring items, vs. $2.70 S&P Capital IQ Consensus, from $2.64-2.70; lowersFY19 revs to $10.75-10.83 bln vs. $10.92 bln S&P Capital IQ Consensus, from $10.83-10.93 bln.

Portfolio Update:

• The company is actively reviewing the role and value of StubHub and Classifieds in its portfolio to determine the best path forward to maximize shareholder value.