5 Stocks that Released Solid Quarterly Earnings

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1. eBay Inc. (NASDAQ: EBAY)

Number of Hedge Fund Holders: 51

eBay Inc. (NASDAQ: EBAY) announced better-than-expected profit and sales for the second quarter ended June 30.

On an adjusted basis, the company earned 99 cents per share, surpassing the consensus forecast of 96 cents per share. Revenue for the quarter increased 14 percent on a year-over-year basis to $2.67 billion, ahead of analysts’ average estimate of $2.63 billion.

Commenting on the quarter, CEO Jamie Iannone said:

“Today I am pleased to announce another strong quarter. In Q2, on an apples-to-apples basis, all key business metrics met or exceeded expectations and revenue growth was driven by the acceleration in our payments migration and growth in advertising.”

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eBay also issued its financial outlook for the third quarter. It expects adjusted earnings in the range of 86 cents per share to 90 cents per share and revenue between $2.42 billion and $2.47 billion for the current quarter.

You can also take a peek at Unknown Billionaire Phill Gross’ Top 10 Stock Picks and Top 10 High Growth Stocks To Buy in 2021.

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