Shares of eBay popped 10% in extended trading on Wednesday after the online marketplace posted stronger-than-expected results for the second quarter, and offered an upbeat forecast for the current period.
Here's how the company did in the second quarter compared to analyst estimates compiled by LSEG.
Earnings per share: $1.37 adjusted vs. $1.30 expected
$1.37 adjusted vs. $1.30 expected Revenue: $2.73 billion vs. $2.64 billion expected
GMV, or the dollar value of items sold, grew 6% year over year to $19.5 billion. That topped analysts' projected $18.9 billion, per StreetAccount estimates.
For the third quarter, eBay said revenue will land between $2.69 billion and $2.74 billion, above Wall Street expectations for $2.66 billion. The company also guided for adjusted earnings per share of $1.29 to $1.34. Analysts anticipated $1.31 per share.
EBay said third-quarter GMV would be in the range of $19.2 billion and $19.6 billion, which was higher than consensus estimates of $18.8 billion.
GMV guidance "contemplates potential disruptions from impending tariffs and the potential elimination of remaining de minimis exemptions," eBay said.
Earlier on Wednesday, President Donald Trump signed an executive order ending the loophole for low-value packages shipped from all countries, effective Aug. 29. The provision enabled shipments valued below $800 to enter the U.S. duty free.
EBay CEO Jamie Iannone said in an interview following the earnings report that the company is "well suited" to navigate any further uncertainty generated by Trump's tariff policies or changes to de minimis.
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