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Today β€” 31 October 2024Yahoo! Finance: E-Bay News

Why eBay (EBAY) Stock Is Trading Lower Today

31 October 2024 at 19:42
Shares of online marketplace eBay (NASDAQ:EBAY) fell 20.8% in the afternoon session after the company reported third-quarter earnings and provided revenue guidance for the next quarter, which missed analysts' expectations. In addition, its EBITDA fell short of Wall Street's estimates. Overall, this quarter could have been better.

Heard on the Street: Etsy’s Crafty Niche Has Its Limits

31 October 2024 at 16:01
Etsy has been trying to find new ways to draw more sales on its platform, but creativity might have its limits. The company, which also owns second-hand clothing marketplace Depop and musical instrument marketplace Reverb, said the volume of sales through its marketplaces declined 4.1% last quarter on the year, more than analysts had anticipated. For the year, Etsy expects total gross merchandise sales to decline by a low-single digit percentage, which would mark a third year of declines.
Yesterday β€” 30 October 2024Yahoo! Finance: E-Bay News

eBay, Carvana, Twilio: After-hours movers

30 October 2024 at 21:31
eBay (EBAY) shares are declining in Wednesday's after-hours trading despite beating both revenue and earnings expectations for the third quarter. The sell-off is driven by disappointing guidance as the company's fourth quarter and fiscal year revenue forecasts fell short of Wall Street expectations. Meanwhile, Carvana (CVNA) is seeing its stock surge following impressive third quarter results. The online auto retailer topped analyst estimates on revenue and earnings, reporting a 32% year-over-year revenue increase to $3.66 billion. Twilio (TWLO) shares are also climbing after the company delivered strong third quarter performance. Investors responded positively to the communication platform's upbeat fourth quarter forecast and raised full-year revenue guidance. To watch more expert insights and analysis on the latest market action, check out more Asking for a TrendΒ here. This post was written by Angel Smith

EBay Falls After Projecting Lackluster Holiday Season Sales

30 October 2024 at 21:00
(Bloomberg) -- EBay Inc. dropped in extended trading after projecting holiday season sales that fell short of analysts’ estimates, suggesting the e-commerce company continues to struggle against larger rivals.Most Read from BloombergIs Denver’s Big Bet on E-Bikes Paying Off?Chicago Mayor Seeks Property Tax Hike, Breaking Campaign VowThe Answer To Making Cities More Family-Friendly? CourtyardsNY Transit Agency Takes Next Step on Brooklyn-Queens Rail LinkA South Korean City Plays Matchmaker to Tac

eBay’s (NASDAQ:EBAY) Q3 Sales Top Estimates But Stock Drops

30 October 2024 at 20:52
Online marketplace eBay (NASDAQ:EBAY) beat Wall Street’s revenue expectations in Q3 CY2024, with sales up 3% year on year to $2.58 billion. On the other hand, next quarter’s revenue guidance of $2.56 billion was less impressive, coming in 3.4% below analysts’ estimates. Its non-GAAP profit of $1.19 per share was in line with analysts’ consensus estimates.

EBay forecasts revenue below estimates on weak demand, shares fall

30 October 2024 at 20:11
Ecommerce firm eBay forecast fourth-quarter revenue below Wall Street estimates on Wednesday as cautious consumers shun collector's items and refurbished goods, sending its shares down more than 7% in extended trading. The broader economy is still fluctuating and customers are cautious about discretionary spending. Several discretionary marketplaces have been struggling to sustain growth, analysts at Bernstein have said, highlighting the challenging macro backdrop eBay is operating against.
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