- Ebay’s (Nasdaq: EBAY) net income in Q2 was US$294 million or US$0.43 per share.
- Coupang’s (NYSE: CPNG) total revenue in Q2 was US$4.4 billion, up 71 percent YoY, and the EBITDA was US$122 million, an increase of 114 percent YoY.
- Baidu’s (Nasdaq: BIDU) total revenue jumped 27 percent YoY to US$3.7 billion in the quarter.
Stocks of e-commerce firms eBay Inc (Nasdaq: EBAY) and Coupang Inc (NYSE: CPNG), and Chinese internet company Baidu Inc (Nasdaq: BIDU) were trending on wall Street Thursday following their solid second-quarter results.
Ebay and Coupang reported their earnings on August 11, while Baidu reported on August 12. However, the stocks were down in intraday trading Thursday.
Let’s explore why these companies are drawing attention after the results.
EBay (Nasdaq: EBAY)
Ebay’s Q2 revenue surged by 14 percent YoY of US$2.7 billion in Q2. The e-commerce company’s net income for the period was US$294 million or US$0.43 per share. In addition, the company had US$1 billion operating cash flow and US$910 million free cash flow at the end of the quarter.
The stock fell 1.10 percent to US467.27 at 9.20 am ET on August 12.
Its market cap is US$46.33 billion, and the P/E is 16.51, while the forward P/E one year is 19.80. The EPS is US$4.12, and the annual dividend is US$0.72.
The e-commerce giant’s 52-week highest and lowest stock price was US$74.13 and US$45.36, and the stock volume is 6,761,004.
Coupang Inc (NYSE: CPNG)
The South Korean e-commerce company’s gross profit was US$658 million in Q2, an increase of 50 percent up YoY. However, its net loss was US$518 million.
The company’s total revenue was US$4.4 billion, up 71 percent YoY, and the EBITDA was US$122 million, an increase of 114 percent YoY.
The stock declined 7.12 percent to US$34.50 at 8.34 am ET from the previous closing price. Its market cap is US$64.4 billion.
The forward P/E one year is -76.46. CPNG’s 52-week highest and lowest value was US$69 and US$30.65, with an average share volume of 8,562,965.
Baidu Inc (Nasdaq: BIDU)
The Chinese multilingual internet search provider reported total revenue of US$3.7 billion in the quarter, up 27 percent YoY.
The company incurred losses of US$90 million or US$0.26 per share. The adjusted EBITDA for the period was US$1.2 billion, up 3 percent YoY.
The company’s operating income was US$715 million, up 7 percent YoY. Its stock fell by 1.49 percent to US$162.70 at 8.23 am ET on Thursday after the results. The stock value of BIDU fell by 23.72 percent YTD.
Its market cap is US$57.3 billion, with a P/E ratio of 7.9 and forward P/E one year of 30.32. Its EPS is US$20.89. BIDU’s 52-week highest and lowest value was US$354.82 and US$115.59. The average share volume was 3,811,208.
While these companies saw noticeable top-line growth during the quarter, challenges remain as the covid scenario evolves. The normalization of the economic and pandemic disruptions would be critical for growth. Overall, online-based businesses have seen significant revenue growth this quarter.