Q: I know the conference call has not occurred yet, but can I please get initial comments on earnings.
5i Research Answer:
EPS of 35c beat estimates of 29c; revenue of $2.68B beat estimates of $2.54B. EBITDA of $452M beat estimates by 15%. Sales rose 31%. Europe was very strong. Guidance was raised to 'mid to high twenties' percentage growth, vs 22% estimates. GMV was $6B higher than estimates. Operating margin rose 1.5 points to 16%. This was a very solid print and guidance was also very strong.