eBay Inc. Issues Q2 2012 Guidance; Revenue Guidance Below Analysts' Estimates; Raises FY 2012 Guidance

eBay Inc. announced that for second quarter of 2012, it expects net revenues in the range of $3.250 billion- $3.350 billion, GAAP earnings per diluted share in the range of $0.49-$0.51 and non-GAAP earnings per diluted share (EPS) in the range of $0.53-$0.55. For fiscal 2012, it expects net revenues in the range of $13.8 billion-$14.1 billion, GAAP earnings per diluted share in the range of $1.91-$1.96 and non-GAAP earnings per diluted share in the range of $2.30-$2.35. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $3.358 billion and $0.54 for second quarter of 2012; revenue of $13.9 billion and EPS of $2.30 for fiscal 2012.