logo
Plus   Neg
Share
Email

EBay Issues Business Outlook - Quick Facts

eBay Inc. (EBAY) said, for the second quarter 2020, the company expects non-GAAP earnings per share from continuing operations in the range of $0.73 - $0.80, and net revenue between $2.38 billion and $2.48 billion, representing organic FX-neutral growth of 2% - 6%.

Given the dynamic environment, the company has decided not to revise its full year revenue and earnings per share estimates. For 2020, the company expects non-GAAP earnings per share from continuing operations in the range of $3.00 - $3.10, and net revenue between $9.56 billion and $9.76 billion, representing organic FX-neutral growth of 1% - 3%.

First quarter non GAAP earnings per share from continuing operations was $0.77 compared to $0.65, previous year. On average, 31 analysts polled by Thomson Reuters expected the company to report profit per share of $0.72, for the quarter. Analysts' estimates typically exclude special items.

First quarter revenue was $2.4 billion, down 2% on an as-reported basis and up 1% on a foreign exchange neutral basis. Active buyers grew by 2%, for a total of 174 million global active buyers. Analysts expected revenue of $2.38 billion for the quarter.

eBay's Board has declared a cash dividend of $0.16 per share of the company's common stock. The dividend is payable on June 19, 2020 to stockholders of record as of June 1, 2020.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
The U.S. Securities and Exchange Commission is investigating the circumstances around Eastman Kodak Co.'s (KODK) announcement of a $765 million government loan to make ingredients for Covid-19 drugs, the Wall Street Journal reported citing people familiar with the matter. The National Retail Federation or NRF said that conflicting economic data amid a resurgence in coronavirus cases has made it difficult to predict how steadily the U.S. economic recovery will continue. NRF Chief Economist Jack Kleinhenz noted that based on quarterly and monthly data, the U.S. economic recovery is continuing despite the elevated COVID-19 cases. Ford Motor Company (F) announced that Jim Hackett plans to retire as President and CEO. He will continue as a special advisor to the company through March of 2021. The company has named Jim Farley as new president and CEO. He will join the board of directors, effective Oct. 1. Farley joined Ford in...
Follow RTT