eBay, Inc.'s Light Earnings Guidance Overshadows a Strong Quarter
eBay Inc. (NASDAQ: EBAY) announced better-than-expected third-quarter 2017 results on Wednesday after the market closed, highlighting the continued revenue acceleration for its core marketplace platforms and its fastest gross merchandise volume growth since 2014.
But thanks to mixed forward guidance -- at least relative to Wall Street's expectations -- shares are down around 6% in after-hours trading as of this writing. Let's take a closer look, then, at how eBay kicked off the second half of the year, and what investors can expect from the e-commerce giant.
Image source: eBay.
Source: Fool.com
eBay Inc. Stock
€53.47
1.130%
The stock is one of the favorites of our community with 21 Buy predictions and 3 Sell predictions.
With a target price of 55 € there is a slightly positive potential of 2.86% for eBay Inc. compared to the current price of 53.47 €.
