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Why eBay Stock Jumped Today

TheMotleyFool

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Shares of eBay (NASDAQ: EBAY) rallied today after the company reported its fourth-quarter and full-year 2020 results. One of the highlights of the quarter was adjusted diluted EPS of $0.86, which beat Wall Street's consensus of $0.83.

eBay's stock was up by as much as 11.7% this morning and had gained 6.1% as of 10:26 a.m. EST.

In addition to the company outpacing analysts' consensus earnings estimate, eBay's fourth-quarter revenue of $2.9 billion was also ahead of Wall Street's expectation of $2.7 billion.

Source Fool.com

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