Investing.com - eBay (NASDAQ:EBAY) reported on Wednesday third quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
eBay announced earnings per share of $0.85 on revenue of $2.61B. Analysts polled by Investing.com anticipated EPS of $0.86 on revenue of $2.69B.
eBay shares are up 47% from the beginning of the year, still down 12.83% from its 52 week high of $61.05 set on July 13. They are outperforming the Nasdaq which is up 22.65% from the start of the year.
eBay shares gained 4.11% in after-hours trade following the report.
eBay follows other major Services sector earnings this month
eBay's report follows an earnings beat by Verizon on October 21, who reported EPS of $1.25 on revenue of $31.5B, compared to forecasts EPS of $1.22 on revenue of $31.59B.
Netflix had missed expectations on October 20 with third quarter EPS of $1.74 on revenue of $6.44B, compared to forecast for EPS of $2.13 on revenue of $6.39B.
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