EBay stock sinks after lackluster Q4 guidance, election distraction
Publishing timestamp: 2024-10-30 20:51:42
Summary
eBay's shares slid after issuing lackluster guidance for the fourth quarter, overshadowing better-than-expected results for the third quarter. The company cited one-time factors for the weak guidance, including hurricanes, election distraction, and a shorter holiday shopping season. Despite increased competition in e-commerce, eBay has seen traction among shoppers and remains confident in its strategic initiatives.
Sentiment: MIXED
Tickers: EBAY, AMZN, ETSY, WMT,
Keywords: etsy inc, china, technology, earnings, ebay inc, breaking news: technology, breaking news: earnings, walmart inc, business news, internet, amazon.com inc,
Source: https://www.cnbc.com/2024/10/30/ebay-q3-earnings-report-2024.html