eBay Inc (NASDAQ: EBAY) stock fell over 2.5% on July 21st, 2017 (as of   10:55AM EDT; Source: Google finance). The sales and marketing costs have weighed on the second quarter of 2017 performance of the group, as it grew 2.4 percent to $637 million. GMV at subsidiary ticket exchange StubHub fell 5 percent from a year ago as there were fewer U.S. events than the company had expected. EBAY stock has risen 21% in the last one year (source: Google Finance).

On the other hand, the group has posted in line with the analysts’ estimates for earnings in the second quarter of FY 17 as the company continues to invest in marketing and revamping its platforms to attract more shoppers. This has led to its shares down more than 5 percent.

EBAY in the second quarter of FY 17 has reported the adjusted earnings per share of 45 cents, which is in line with the analysts’ estimates for the adjusted earnings per share of 45 cents. The company had reported the adjusted revenue growth of 4.4 percent to $2.33 billion in the second quarter of FY 17, beating the analysts’ estimates for revenue of $2.31 billion. EBay’s gross merchandise volume (GMV), or the total value of goods sold on its websites, enhanced to $21.47 billion in the second quarter. The analysts had expected $21.46 billion, according data and analytics firm FactSet.

For the third quarter of FY 17, EBAY expects the net revenue to be between $2.35 billion and $2.39 billion, that represents the Organic FX-Neutral growth of 6% – 8%. The  non-GAAP earnings per diluted share from continuing operations is expected to be in the range of $0.46 – $0.48 and GAAP earnings per diluted share from continuing operations in the range of $0.30 – $0.32.

For the full year FY 17, EBAY expects the net revenue to be between $9.3 billion and $9.5 billion, which represents the organic FX-Neutral growth of 6% – 8. The non-GAAP earnings per diluted share from continuing operations are expected in the range of $1.98 – $2.03 and GAAP earnings per diluted share from continuing operations are expected in the range of $1.65 – $1.75.

EBay has also announced a $3 billion share repurchase program. The company in the second quarter has repurchased $507 million of common stock. The company’s total repurchase authorization remained at the end of second quarter of $479 million.

Additionally, EBAY has recently announced a Price Match Guarantee on more than 80,000 deals in markets around the world as well as strategic partnerships with Channel Advisor and Shopify.