eBay raises outlook after better than expected Q2

eBay Inc., for its second quarter ended June 30, 2020 reported revenue of 2.9 billion dollars, up 18 percent on an as-reported basis and up 21 percent on a foreign exchange (FX) neutral basis. The company expects net revenue between 2.64 billion and 2.71 billion dollars, representing Organic FX-Neutral growth of 14 percent to 17 percent, with GAAP earnings per diluted share in the range of 58 cents to 64 cents and non-GAAP earnings per diluted share in the range of 81 cents to 87 cents. For the full year, the company expects net revenue between 10.56 billion dollars and 10.75 billion dollars, representing organic FX-Neutral growth of 12 percent to 14 percent, with GAAP earnings per diluted share in the range of 2.85 dollars to 3 dollars and non-GAAP earnings per diluted share in the range of 3.47 dollars to 3.59 dollars.