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eBay ($EBAY) posted 16% growth in gross merchandise value in Q3 as analysts raised their price targets.
Rosenblatt calls the turnaround “well established,” but says the next test is sustaining growth through tougher comparisons in 2027.
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EBay Sales Rise on Strength in Collectibles, Live Shopping
EBAY SEES Q4 ADJUSTED EPS $1.48 TO $1.53 AND Q4 NET REVENUE $3.19 BLN TO $3.24 BLN, AND RAISES FY GUIDANCE, NOW SEEING FY ADJUSTED EPS $6.25 TO $6.30, ABOVE ESTIMATE OF $6.15, AND FY NET REVENUE $12.62 BLN TO $12.67 BLN
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EBAY Q3 GROSS MERCHANDISE VOLUME $23.17 BLN AND ACTIVE BUYERS 147 MLN, BOTH ABOVE ESTIMATES
EBAY Q3 ADJUSTED EPS FROM CONTINUING OPERATIONS $1.51, ABOVE ESTIMATE OF $1.42, WITH NET REVENUE $3.21 BLN, ABOVE ESTIMATE OF $3.12 BLN, AND ORGANIC FX-NEUTRAL REVENUE GROWTH OF 13%, ABOVE ESTIMATE OF +11.3%
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eBay reveals another layoff round even as business improves
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EBAY SHARES UP 1.6% PREMARKET AFTER CO SAYS WILL REDUCE GLOBAL WORKFORCE BY ABOUT 9%
EBay will eliminate 9% of its workforce in an effort to streamline operations and prioritize its best-performing units, Reuters reported, marking the company’s second round of job cuts this year
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EBay to ax 9% of workforce - 1,000 jobs - in second round of cuts this year
EBay to lay off 9% of workforce in its second round of job cuts this year
