eBay Stock Jumps After Hours: Why Auction Company Is Soaring After Earnings
1. eBay Q2 revenue rose 6% to $2.73 billion, surpassing estimates. 2. Earnings per share reached $1.37, beating the street's $1.30 expectation. 3. Gross merchandise volume was $19.5 billion, also up 6% year-over-year. 4. eBay forecasts Q3 revenue between $2.69 billion and $2.74 billion. 5. Stock rose 10.43% to $85.56 in after-hours trading.