September 21, 2020

EBay earns 1,230 million dollars until September, 43.9% less

The portal of electronic sales and auctions eBay announced on Wednesday that in the first nine months of this year its net profit decreased by 43.9% over the same period last year, to 1,230 million dollars.

The firm of San José (California, USA) said that between January and September its net profit per share was $ 1.42, compared to the profit of $ 1.76 at the end of September 2018, while the Sales revenue rose 1.4%, to 7,979 million in 2019 compared to 7,869 million in the first nine months of 2018.

Regarding the results of its most recent quarter, the period most followed by Wall Street analysts and investors, eBay had a 57% decrease in its net profits compared to the third quarter of 2018, to 310 million dollars.

Between January and September, its net profit per share was 37 cents, compared to the profit of 73 cents it had at the end of September 2018, while sales revenue remained flat, just in the same digits as in this period of 2018, 2,649 million dollars.

"We perform in line with expectations in the third quarter while improving the Market experience, creating better results for customers, and maintaining momentum in advertising and payments," said Scott Schenkel, appointed by the Board of Directors as executive director of eBay

In his opinion, "we also made progress in reviewing our portfolio and completed a comprehensive operational review that resulted in a three-year plan to boost margin improvement, while allowing reinvestment in critical customer initiatives."

EBay reported its results at the close of the market on Wall Street and its shares rose 0.67% on Nasdaq.

. (tagsToTranslate) EBay (t) earns (t) millions (t) dollars (t) September

Source link