eBay (NASDAQ: EBAY) shares gained over 7% in the extended trading hours yesterday after the e-commerce giant reported better-than-expected Q3 results. The company also provided a Q4 outlook that was in line with analysts' expectations. Adjusted earnings of $1.00 per share gained 11% year-over-year compared to earnings of $0.90 per share in the prior-year period. It was also ahead of the consensus estimate of $0.93 per share. Revenues declined 5% year-over-year to $2.38 million but exceeded consensus estimates by $2.32 million. The revenue decline reflected an 11% decrease in Gross Merchandise Volumes to $17.7 billion. For FY22, total revenue is expected to range between $9.71 and $9.
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eBay (NASDAQ:EBAY)
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