EBAY's third-quarter 2024 results reflect a year-over-year increase in revenues and earnings, driven by Focus Categories and geo-specific investments.
U.S. stock futures were lower this morning, with the Dow futures falling around 0.5% on Thursday.
The headline numbers for eBay (EBAY) give insight into how the company performed in the quarter ended September 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
eBay Inc. (NASDAQ:EBAY ) Q3 2024 Earnings Conference Call October 30, 2024 5:30 PM ET Company Participants John Egbert - Vice President, Investor Relations Jamie Iannone - Chief Executive Officer Steve Priest - Chief Financial Officer Conference Call Participants Ygal Arounian - Citigroup Justin Post - Bank of America Lee Horowitz - Deutsche Bank Colin Sebastian - Baird Nathan Feather - Morgan Stanley Nikhil Devnani - Bernstein Tom Champion - Piper Sandler Michael Morton - MoffettNathanson Operator Thank you for standing by, and welcome to the eBay Third Quarter 2024 Earnings Conference Call. All lines have been placed on mute to prevent any background noise.
EBay (EBAY) came out with quarterly earnings of $1.19 per share, beating the Zacks Consensus Estimate of $1.18 per share. This compares to earnings of $1.03 per share a year ago.
EBay stock tumbled late Wednesday on a weaker-than-expected Q4 holiday sales forecast. Earnings for Q3 topped views.
EBay's slightly better-than-expected quarterly earnings were no match for a weaker sales outlook.
Shares of EBay slid in extended trading after the company issued lackluster guidance for the fourth quarter. The disappointing forecast overshadowed eBay's better-than-expected results for the third quarter.
eBay (EBAY) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
Get a deeper insight into the potential performance of eBay (EBAY) for the quarter ended September 2024 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.
Despite high market valuations, opportunities still exist for dividend investors. Sectors left behind offer value and income potential for long-term growth. Energy stocks stand out with attractive valuations, while another high-yield play offers steady midstream income and growth from critical infrastructure. The third pick combines dividend growth with buybacks and innovative strategies, making it a compelling consumer-tech investment for income-focused investors.
E-commerce stock eBay Inc (NASDAQ:EBAY) is 0.5% higher at $65.39 at last glance, and earlier scored a fresh three-year high of $65.57.