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eBay's stock tumbled following the release of a weak outlook for the holiday quarter. While the company's Q3 results were largely in line with expectations, with revenue of $2.5 billion and earnings per share of $1.03, the forecast for Q4 disappointed investors. eBay projected Q4 revenue between $2.47 billion and $2.53 billion, below analyst estimates of $2.60 billion.
This weak guidance raised concerns about consumer spending trends and eBay's ability to compete in the e-commerce space. The company cited macroeconomic headwinds and changes in consumer behavior as factors affecting its outlook. The negative market reaction underscores the challenges eBay faces in maintaining growth in a highly competitive online retail environment.
eBay's stock tumbled following the release of a weak outlook for the holiday quarter. While the company's Q3 results were largely in line with expectations, with revenue of $2.5 billion and earnings per share of $1.03, the forecast for Q4 disappointed investors. eBay projected Q4 revenue between $2.47 billion and $2.53 billion, below analyst estimates of $2.60 billion.
This weak guidance raised concerns about consumer spending trends and eBay's ability to compete in the e-commerce space. The company cited macroeconomic headwinds and changes in consumer behavior as factors affecting its outlook. The negative market reaction underscores the challenges eBay faces in maintaining growth in a highly competitive online retail environment.
- Catégories
- E commerce Ebay
- Mots-clés
- ebay stock analysis, ebay stock price, ebay stock valuation
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