EBay: Q3 Earnings Snapshot

SAN JOSE, Calif. (AP) — SAN JOSE, Calif. (AP) — EBay Inc. (EBAY) on Wednesday reported third-quarter profit of $497 million.

On a per-share basis, the San Jose, California-based company said it had profit of $1.10. Earnings, adjusted for one-time gains and costs, were $1.51 per share.

The results topped Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1.43 per share.

The e-commerce company posted revenue of $3.21 billion in the period, which also topped Street forecasts. Four analysts surveyed by Zacks expected $3.12 billion.

For the current quarter ending in December, eBay expects its per-share earnings to range from $1.48 to $1.53.

The company said it expects revenue in the range of $3.19 billion to $3.24 billion for the fiscal fourth quarter.

EBay expects full-year earnings in the range of $6.25 to $6.30 per share, with revenue ranging from $12.62 billion to $12.67 billion.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on EBAY at https://www.zacks.com/ap/EBAY