Benzinga
Benzinga
  • last month
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.

Recommended

1:30
I
Up next
Jennifer Lopez Says She and Ben Affleck Are 'So Lucky'
Wibbitz Top Stories
0:54
This Day in History: John F. Kennedy Is Assassinated
Wibbitz Top Stories
0:32
Netflix Shares Rise In Premarket Trading After Reporting Q3 Earnings, Beating Estimates.
Benzinga
6:37
Cboe’s New Approach to Global Markets and Options for Retail Investors
Benzinga
0:33
SoFi Technologies Q3 Earnings: Revenue Beat, EPS Beat, Raised Guidance Following 'Strongest Quarter' Ever
Benzinga
0:39
Target Beats Q2 Earnings Forecast, but Weak Sales Prompt Guidance Downgrade"
Benzinga
0:40
Pinterest Shares Drop 15% on Weak Q4 Outlook Despite Beating Q3 Earnings Estimates
Benzinga
0:34
Snap's Q3 Guidance Falls Below Analyst Expectations, as Monthly Active Users Exceed Expectations
Benzinga
0:33
Mattel, Hasbro Cut Year-End Outlook Amid Weak Toy Sales. Toymakers See Shares Decline
Benzinga
0:36
PayPal Shares Drop Amid Slower Revenue Forecast, CEO Cites Strategic Shift
Benzinga
1:01
Snap's Q1 Results Miss Analysts' Expectations, Shares Fall 20%
Benzinga
0:34
American Airlines Raises Profit Forecast Despite Q3 Loss
Benzinga
1:31
Online Advertising Market Tumbles as Snap Stocks Plummet
Wibbitz Top Stories
0:31
AMD Shares Rebound After Chipmaker Posts Q2 Beat, Guidance Tops Expectations: CEO Lisa Su Says AI Business Accelerating
Benzinga
0:38
Uber Beats Revenue Targets In Q3, Misses Gross Bookings Projection. CEO Dara Khosrowshahi Sees Opportunity To Invest In New Products
Benzinga
0:29
Adobe Beats Q3 Earnings and Revenue Estimates, Driven by Creative Cloud and Firefly AI. Stock Slides on Weak Q4 Guidance.
Benzinga
0:30
Affirm's Shares Jump 16% After Strong Fiscal Q4 Performance Exceeds Expectations. Will Its Partnerships with Apple and Amazon Propel Growth?
Benzinga
0:36
American Eagle's First-Quarter Net Income Quadruples, but Revenue Growth Falls Short of Expectations
Benzinga
1:03
Kohl's Corp. first quarter sales decline 5.2% and are 'below expectations' - 1breakingnews.com
1BN
0:39
Coinbase Stock Plummets 15% on Weak Earnings, Q4 Outlook
Benzinga
0:27
Texas Instruments Beats Earnings Estimate For 4th Consecutive Quarter
Benzinga
0:37
Lowe's Beats Expectations, But Warns of Slower Sales Ahead
Benzinga
0:40
Global Chipmakers Rise as Micron's Strong Revenue Forecast Spurs Global Chip Stock Rally
Benzinga
0:59
Amazon tops $100 billion sales, still disappoints Wall Street
Wibbitz Top Stories
0:36
Snap Beats Q3 Forecasts, Highlights AR And AI Investments
Benzinga