Investing.com - eBay (NASDAQ:EBAY) reported on Wednesday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
eBay announced earnings per share of $1.00 on revenue of $2.4B. Analysts polled by Investing.com anticipated EPS of $0.93 on revenue of $2.33B.
eBay shares are down 42% from the beginning of the year, still down 50.57% from its 52 week high of $77.00 set on November 4, 2021.
eBay shares gained 6.91% in after-hours trade following the report.
eBay follows other major Consumer Discretionary sector earnings this month
eBay's report follows an earnings beat by Amazon.com on October 27, who reported EPS of $0.28 on revenue of $127.1B, compared to forecasts EPS of $0.22 on revenue of $127.76B.
Tesla had beat expectations on October 19 with third quarter EPS of $1.05 on revenue of $21.45B, compared to forecast for EPS of $1.03 on revenue of $22.5B.
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