T = Trends for a Stock’s Movement
Ebay provides online platforms, tools, and services to help individuals and merchants with online and mobile commerce in the U.S. and around the world. Its marketplaces segment operates e-commerce platform eBay.com, and vertical shopping sites. The company operates through three segments: Marketplaces, Payments, and GSI. Ultimately, through its tools and platforms, eBay assists individuals and merchants around the globe engage in online and mobile commerce.
Ebay shares dropped in premarket trading even though the company’s earnings for the third quarter beat analyst forecasts, as eBay gave softer-than-expected guidance, citing that the e-commerce market in the U.S. will weaken slightly in the fourth quarter and maintaining a “cautious outlook for the holiday season.” EPS came in at 64 cents, beating expectations, and revenue grew 14 percent to $3.89 billion but missed forecasts. PayPal has continued to show strong growth, with sales increasing 19 percent in the third quarter, and that growth will be aided in the future by eBay’s recent $800 million acquisition of Braintree Payment Solutions.