eBay: 15% growth in quarterly EPS

(CercleFinance.com) - On Wednesday evening eBay reported adjusted EPS (non-GAAP) growth of 15% to $1.
18 for Q2 2024, with a non-GAAP operating margin improved by one point to 27.9%, on revenues up 1% to E2.57bn (+2% at constant exchange rates).

We recorded growth in gross merchandise volume, thanks to the execution of our strategic initiatives, despite an uneven discretionary demand environment in our main markets, management said.

For Q3, the Internet auction platform anticipates adjusted EPS of between $1.15 and $1.20, as well as revenues of between $2.50bn and $2.56bn, representing a between a 1% to 3% y-o-y increase at constant exchange rates.


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