EBay Stock Slumps as Earnings Outlook Disappoints. Europe Is the Worry Spot.

EBay shares are losing ground in late trading after the online e-commerce marketplace provided disappointing forecasts for the December holiday quarter, citing signs of weakness in its European business.

“Overall it was another quarter of strong delivery,” CEO Jamie Iannone said in an interview with Barron’s. “We’re seeing some nice resilience in our business, and we’re making some great innovations.” At the same time, he said, the company is seeing substantial growth for eBay Live. The company’s live-events platform had 1,000 events over the last quarter, up four times from the June quarter. And he said eBay’s first-party ad platform continues to grow robustly, with $345 million in revenue in the quarter, up 39%.

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Dish Stock Slides After Earnings, Revenue Miss. There’s Deal News Too.Dish posted a surprise third-quarter loss. The group is also selling its Puerto Rico and U.S. Virgin Islands assets.
Source: MarketWatch - 🏆 3. / 97 Read more »

Pfizer Covid Vaccine Partner BioNTech's Stock Is Rising After Earnings BeatShares have dropped 36% this year as demand for its coronavirus inoculations has fallen.
Source: MarketWatch - 🏆 3. / 97 Read more »

GoPro’s stock up 5% on earnings, revenue beatsJon Swartz is a senior reporter for MarketWatch in San Francisco, covering many of the biggest players in tech, including Netflix, Facebook and Google. Jon has covered technology for more than 20 years, and previously worked for Barron's and USA Today. Follow him on Twitter jswartz.
Source: MarketWatch - 🏆 3. / 97 Read more »

Akamai Stock Gains on Strong EarningsThe company's third-quarter was boosted by strong results in its security software business.
Source: MarketWatch - 🏆 3. / 97 Read more »