Investing.com - eBay (NASDAQ:EBAY) reported on Tuesday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
eBay announced earnings per share of $1.08 on revenue of $2.87B. Analysts polled by Investing.com anticipated EPS of $1.05 on revenue of $2.79B.
eBay shares are up 56% from the beginning of the year , still down 7.67% from its 52 week high of $61.05 set on July 13. They are outperforming the Nasdaq which is up 15.93% from the start of the year.
eBay follows other major Services sector earnings this month
eBay's report follows an earnings beat by Visa A on Tuesday, who reported EPS of $1.06 on revenue of $4.84B, compared to forecasts EPS of $1.03 on revenue of $4.82B.
Verizon had beat expectations on Friday with second quarter EPS of $1.18 on revenue of $30.45B, compared to forecast for EPS of $1.15 on revenue of $29.92B.
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