• 2 months ago
eBay shares dropped around 9% in extended trading on Wednesday after the company's fourth-quarter revenue guidance fell short of Wall Street expectations. Despite reporting third-quarter earnings and revenue slightly above estimates, eBay forecasted fourth-quarter revenue below analysts' expectations. CEO Jamie Iannone attributed the weak outlook to hurricanes, election distractions, and a shorter holiday shopping season. eBay continues to focus on collectible categories and AI tools to enhance user experience.
Transcript
00:00It's Benzinga, bringing Wall Street to Main Street.
00:02eBay shares dropped around 9% in extended trading on Wednesday after the company's
00:06fourth-quarter revenue guidance fell short of Wall Street expectations.
00:10Despite reporting third-quarter earnings and revenue slightly above estimates,
00:14eBay forecasted fourth-quarter revenue below analysts' expectations.
00:18CEO Jamie Iannone attributed the weak outlook to factors like hurricanes,
00:22election distractions, and a shorter holiday shopping season.
00:26eBay continues to focus on collectible categories and AI tools to enhance user experience.

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