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.

With Revenue Growth and Declining Net Income, Can eBay Recover and Reclaim Investor Confidence?

Q3 2024 eBay Inc Earnings Call

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.

EBay's guidance for the key holiday shopping season didn't impress investors, and shares dropped Thursday.

EBAY's third-quarter 2024 results reflect a year-over-year increase in revenues and earnings, driven by Focus Categories and geo-specific investments.

eBay Inc (EBAY) reports positive GMV and revenue growth, driven by AI advancements and strategic initiatives, while navigating a challenging economic landscape.

The headline numbers for eBay (EBAY) give insight into how the company performed in the quarter ended September 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

eBay (EBAY) delivered earnings and revenue surprises of 0.85% and 1.09%, respectively, for the quarter ended September 2024. Do the numbers hold clues to what lies ahead for the stock?

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 Trend here. This post was written by Angel Smith

EBay stock tumbled late Wednesday on a weaker-than-expected Q4 holiday sales forecast. Earnings for Q3 topped views.

(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

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.

STOCK ALERT Shares of online commerce site eBay were falling 10% in premarket trading Thursday to $56.39 after the company reported earnings. Its full-year revenue guidance came in light. The company estimated revenue of $10.

eBay Inc (NASDAQ:EBAY) reported third-quarter earnings that slightly beat analyst expectations, but shares tumbled 10% in premarket trading Thursday due to disappointing guidance for the crucial holiday shopping season.

The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $1.18 per share. The e-commerce company posted revenue of $2.58 billion in the period, also surpassing Street forecasts. Seven analysts surveyed by Zacks expected $2.55 billion.

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.

eBay Inc. (Nasdaq: EBAY), a global commerce leader that connects millions of buyers and sellers around the world, today reported financial results for its third quarter ended September 30, 2024.

The latest investor updates on stocks that are trending on Wednesday.