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ebay shares drop after disappointing fourth quarter revenue guidance

eBay's shares fell nearly 9% in after-hours trading following a disappointing fourth-quarter revenue forecast, predicting between $2.53 billion and $2.59 billion, below analyst expectations of $2.65 billion. Despite reporting third-quarter earnings of $1.19 per share and revenue of $2.58 billion, the company faces increasing competition from rivals like Amazon and Walmart. eBay's gross merchandise volume grew 2% year over year to $18.3 billion, surpassing projections, as it focuses on niche markets and leverages AI tools to enhance user experience.
CNBC
United States Dollar Etsy, Inc. Amazon.com, Inc. Walmart Inc. eBay Inc. USA Steve Priest Show more
Finance & Economy, Market Report
21:51 30.10.2024
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