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MarketScreener Homepage  >  Equities  >  Nasdaq  >  EBay Inc.    EBAY

EBAY INC.

(EBAY)
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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 -0.40% 124.5 Real-time Quote.-13.54%
EBAY INC. 0.27% 55.42 Delayed Quote.10.29%
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Financials (USD)
Sales 2020 10 145 M - -
Net income 2020 2 157 M - -
Net Debt 2020 3 399 M - -
P/E ratio 2020 18,1x
Yield 2020 1,15%
Capitalization 38 203 M 38 203 M -
EV / Sales 2020 4,10x
EV / Sales 2021 3,62x
Nbr of Employees 13 300
Free-Float 39,0%
Chart EBAY INC.
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Technical analysis trends EBAY INC.
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TrendsBullishNeutralBullish
Income Statement Evolution
Consensus
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Mean consensus OUTPERFORM
Number of Analysts 33
Average target price 62,10 $
Last Close Price 55,42 $
Spread / Highest target 48,0%
Spread / Average Target 12,1%
Spread / Lowest Target -11,6%
EPS Revisions
Managers and Directors
NameTitle
Jamie Iannone President, Chief Executive Officer & Director
Paul S. Pressler Chairman
Andrew Cring CFO, VP-Global Financial Planning & Analysis
Mazen Rawashdeh Chief Technology Officer & Senior Vice President
Robert Holmes Swan Independent Director
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