eBay Inc (NASDAQ: EBAY) Q3 2020 earnings call dated Oct. 28, 2020
eBay (EBAY) stock drops after Q3 earnings slightly miss estimates. E-commerce giant eBay Inc. (NASDAQ: EBAY) reported higher earnings and revenues for the third quarter of 2020. But the company’s stock declined on Wednesday evening. The company also revised up its full-year guidance. Net income was $664 million or $0.88 per share in the September-quarter, compared to $310 million or $0.25 per share in the prior-year quarter. Adjusted earnings advanced to $0.85 per share in the latest quarter from $0.52 per share in the third quarter of 2019. Driving the bottom-line growth, net revenues rose 25% annually to $2.61 billion, helped by an increase in gross merchandise volume. There was a 5% growth in the number of annual active buyers, for a total of 183 million global active buyers
Joe Billante — Vice President of Communications and Investor Relations
Jamie Iannone — President and Chief Executive Officer
Andy Cring — Interim Chief Financial Officer
Scott Devitt — Stifel — Analyst
Richard Kramer — Arete Research — Analyst
Colin Sebastian — Robert W. Baird — Analyst
Tom Champion — Piper Sandler — Analyst
Stephen Ju — Credit Suisse — Analyst
Youssef Squali — Truist Securities — Analyst
Edward Yruma — KeyBanc Capital Markets — Analyst
Robert Drbul — Guggenheim Securities — Analyst
Brian Nowak — Morgan Stanley — Analyst
