eBay (EBAY) reported a decline in Q2 revenue from the year-ago quarter, while earnings remained flat compared to the year-ago quarter. The slowdown is expected to persist in Q3, with the e-commerce giant projecting a revenue decline. However, the company delivered better-than-expected results in the second quarter. As a result, the stock gained a little over 4% to close at $50.48 on August 3, 2022. Q2 Earnings Snapshot Revenue in the quarter decreased 9% to $2.4 billion from the year-ago quarter. However, it was marginally better than analysts’ expectations of $2.37 billion. The decline came as gross merchandise volume (GMV) fell 18% from the year-ago quarter to $18.5 billion.
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eBay (NASDAQ:EBAY)
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