eBay's EPS reported at $0.36, income lower
Global commerce leader, eBay Inc., reported on Wednesday that its net revenues in the third quarter of 2016 stood at $2.2 billion, making an increase from $2.1 billion reported in the same period last year.
Net income in the third quarter was $418 million, lower than the previous period recorded at $545 million. The company's earnings per diluted share (EPS) in the three-month period fell from $0.45 in 2015 to $0.36 this year.
"The company expects fourth quarter net revenue between $2.36 billion and $2.41 billion, with earnings per diluted share from continuing operations in the range of $0.52 -$0.54," said the report.
Shares of eBay traded at $29.98, lower 7.8% in after hours trading.