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    EBAY   US2786421030

EBAY INC.

(EBAY)
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Real-time Estimate Quote. Real-time Estimate Cboe BZX - 01/26 11:32:11 am
58.75 USD   +0.98%
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EBay : 3Q Profit More Than Doubles; Full-Year Guidance Raised

10/28/2020 | 03:46pm EST

By Adriano Marchese

EBay Inc. on Wednesday reported higher third-quarter profit as sales grew in the period and raised its full-year earnings guidance.

For the quarter ended Sept. 30, the San Jose, Calif.-based online marketplace earned a profit of $664 million, or 94 cents a share, compared with $310 million, or 37 cents a share, for the same period last year.

Excluding items, eBay reported an adjusted profit of 85 cents a share for the quarter, beating analysts forecasts of 76 cents, polled on FactSet.

Sales rose to $2.61 billion from $2.08 billion.

Looking ahead, the company said it remains on track to complete the transfer of its classifieds business to Adevinta in the first quarter of 2021.

For the fourth quarter, eBay expects organic, foreign exchange-neutral year-on-year growth of between 19% and 22%, with earnings per share between 58 cents and 64 cents. On an adjusted basis, EPS is expected to be between 78 cents and 84 cents.

For the full year, the company now expects for revenue to be between $10.04 billion and $10.11 billion, up from the previous range of $9.59 billion and $9.78 billion.

EPS is also now expected higher, between $3 and $3.06, compared with previous expectations of $2.51 and $2.66. Adjusted EPS is also expected higher, between $3.34 and $3.40, up from the company's previous range of $3.04 and $3.16.

The board has declared a dividend of 16 cents a share.

Write to Adriano Marchese at adriano.marchese@wsj.com

(END) Dow Jones Newswires

10-28-20 1645ET

Stocks mentioned in the article
ChangeLast1st jan.
ADEVINTA ASA 3.67% 89.84 Real-time Quote.-26.12%
EBAY INC. 0.48% 58.51 Delayed Quote.-12.51%
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Analyst Recommendations on EBAY INC.
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Financials (USD)
Sales 2021 10 414 M - -
Net income 2021 1 649 M - -
Net Debt 2021 - - -
P/E ratio 2021 23,6x
Yield 2021 1,22%
Capitalization 36 421 M 36 421 M -
Capi. / Sales 2021 3,50x
Capi. / Sales 2022 3,33x
Nbr of Employees 12 700
Free-Float -
Chart EBAY INC.
Duration : Period :
eBay Inc. Technical Analysis Chart | EBAY | US2786421030 | MarketScreener
Technical analysis trends EBAY INC.
Short TermMid-TermLong Term
TrendsBearishBearishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 30
Last Close Price 58,18 $
Average target price 77,14 $
Spread / Average Target 32,6%
EPS Revisions
Managers and Directors
Jamie Iannone President, Chief Executive Officer & Director
Stephen J. Priest Chief Financial Officer & Senior Vice President
Paul S. Pressler Chairman
Mazen Rawashdeh Chief Technology Officer & Senior Vice President
Molly Finn Chief Compliance Officer & Vice President
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