EBay shares plunged as much as 16% on Thursday, the biggest intraday drop since January 2005, after the company issued disappointing fourth-quarter guidance.
Shares of online marketplace eBay (NASDAQ:EBAY)
fell 15.1% in the morning session after the company reported third-quarter financial results that were overshadowed by a weaker-than-expected profit forecast for the crucial holiday quarter. While the online marketplace beat Wall Street's revenue expectations in its third quarter with sales up 9.5% year on year to $2.82 billion, its guidance for the next quarter fell short. The company expected adjusted earnings per share between $1.31 and $1.36, below analysts' average estimate of $1.39. The downbeat forecast raised concerns amid ongoing macroeconomic uncertainty. In a statement, CEO Jamie Iannone noted that eBay continued to see macroeconomic challenges across international markets. Adding to the concerns, the total number of active buyers was flat compared to the previous year, highlighting ongoing challenges in attracting new users.
Stay updated with the movements of the S&P500 index in the middle of the day on Thursday. Discover which stocks are leading as top gainers and losers in today's session.
Wall Street saw a cautious tone on Thursday as major tech-heavy indexes edged lower, weighed down by mixed earnings from the mega-caps and the lingering impact of hawkish remarks from Fed Chair Jerome Powell th
eBay slows down for a higher degree correction after earnings, and straight into the support zone, from where we may see a bullish continuation from by Elliott Wave Theory.
Online marketplace eBay (NASDAQ:EBAY) reported Q3 CY2025 results topping the market’s revenue expectations, with sales up 9.5% year on year to $2.82 billion. Guidance for next quarter’s revenue was optimistic at $2.86 billion at the midpoint, 2% above analysts’ estimates. Its non-GAAP profit of $1.36 per share was 1.9% above analysts’ consensus estimates.
Online marketplace eBay (NASDAQ:EBAY) beat Wall Street’s revenue expectations in Q3 CY2025, with sales up 9.5% year on year to $2.82 billion. Guidance for next quarter’s revenue was optimistic at $2.86 billion at the midpoint, 2% above analysts’ estimates. Its non-GAAP profit of $1.36 per share was 1.9% above analysts’ consensus estimates.
As the regular session of the US market on Wednesday comes to an end, let's delve into the after-hours session and discover the top S&P500 gainers and losers shaping the post-market sentiment.
Digital payments platform PayPal (NASDAQ:PYPL) reported revenue ahead of Wall Street’s expectations in Q3 CY2025, with sales up 7.3% year on year to $8.42 billion. Its non-GAAP profit of $1.34 per share was 11.2% above analysts’ consensus estimates.
A powerful surge in AI-related stocks — led by a 9% advance in NVIDIA Corp. (NASDAQ:NVDA) over the past two sessions — propelled the S&P 500 above the 6,900 mark and lifted the Nasdaq 100 to 26,100 points, both breaking new records, as investors brace for the Federal Reserve's
