EBay Posts Q3 Profit of $497 Million, Tops Analyst Estimates on Earnings and Revenue

EBay Inc. (EBAY) on Wednesday reported third-quarter profit of $497 million, or $1.10 per share, beating Wall Street expectations. Adjusted earnings came in at $1.51 per share, ahead of the $1.43 average estimate from seven analysts surveyed by Zacks Investment Research. Revenue reached $3.21 billion, also surpassing the $3.12 billion forecast by four analysts. For the fiscal fourth quarter ending in December, the San Jose, California-based e-commerce company guided per-share earnings of $1.48 to $1.53 and revenue of $3.19 billion to $3.24 billion. Full-year earnings are expected in the range of $6.25 to $6.30 per share, with revenue of $12.62 billion to $12.67 billion.