eBay soars to its highest in 15 months on 'better than feared' earnings

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Analysts praised the company for its decision to review the role and value of its StubHub and Classified businesses.

eBay shares rose as much as 7% on Thursday after the company reported"better than feared" earnings results. That marked their highest level since April 2018. The company also received price-target boosts from several Wall Street analysts. Analysts said the company's improved forecast for 2019 and stock buybacks offset disappointing gross merchandise volume.

eBay shares rose as much as 7% on Thursday after the company reported"better than feared" earnings results. That marked their highest level since April 2018. The company also received price-target boosts from several Wall Street analysts. Analysts said the company's improved forecast for 2019 and stock buybacks offset disappointing gross merchandise volume.

 

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In a CivicScience study of more than 62,000 people in early July, 30% of Americans age 13 and older said they’d used eBay at least once in the past year: benwinck

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