|Bid||41.16 x 1000|
|Ask||41.17 x 3000|
|Day's Range||40.50 - 42.00|
|52 Week Range||26.01 - 42.00|
|Beta (3Y Monthly)||1.39|
|PE Ratio (TTM)||14.99|
|Earnings Date||Jul 16, 2019 - Jul 22, 2019|
|Forward Dividend & Yield||0.56 (1.39%)|
|1y Target Est||40.04|
The European Union has launched an antitrust investigation into whether Amazon’s “Buy Now” feature improperly collects data on third-party merchants to unfairly boost sales of Amazon’s own products.
Novartis and eBay grabbed early leads Thursday as Netflix slammed the Nasdaq, even as an analyst upgrade lifted Dow Jones stock Apple toward a buy point.
Shares of eBay (EBAY) rise in after-hours trading following a strong Q2 earnings performance and a hiked full-year profit view. The eBay-heavy ETFs could gain traction from this.
Dow Jones futures: Netflix dived late after subscriber growth badly missed views. IBM stock reversed lower but eBay stock signaled a moves into a buy zone on earnings.
eBay (EBAY) reports impressive second-quarter results on the back of strong GMV growth, advertising revenues and solid cost-cut efforts.
Collectively, the fortunes of the three prominent companies were mixed, and investors are trading their stock accordingly tonight.
EBay (NASDAQ:EBAY) posted its latest quarterly earnings results after hours Wednesday, bringing in stronger figures that include a profit that's better than Wall Street gave it credit for, while revenue did as well, lifting EBAY shares more than 6% late in the afternoon.Source: Shutterstock The online marketplace -- which has now been around for nearly a quarter century -- said its second quarter includes net income from continuing operations of about $403 million, or 46 cents per share. This is about 36.8% lower than its profit from the year-ago period, which totaled $638 million, or 64 cents per share.On an adjusted basis, eBay said its profit tallied up to 68 cents per share, better than the Wall Street consensus estimate of 62 cents per share. The business has been turning its attention toward advertising, payments and other emerging business as it faces competition from Amazon.InvestorPlace - Stock Market News, Stock Advice & Trading TipsRevenue came in at $2.69 billion, gaining 2% year-over-year and surpassing the $2.68 billion that analysts predicted.For its third quarter of 2019, adjusted profit is projected to be in the range of 62 cents to 65 cents per share, in line with the 63 cents per share that Wall Street called for, according to data compiled by Refinitiv. During that period, eBay sees its revenue in the range of $2.61 billion to $2.66 billion, below the $2.68 billion that analysts who were polled by Refinitiv call for.EBAY stock is up about 6.6% after the bell following the company's results. More From InvestorPlace * 10 Best Dividend Stocks to Buy for the Rest of 2019 and Beyond * 7 Dependable Dividend Stocks to Buy * 7 Dependable Dividend Stocks to Buy * 10 Stocks to Sell for an Economic Slowdown The post EBay Earnings: EBAY Stock Surges as Q2 Earnings, Revenue Strong appeared first on InvestorPlace.
Shares of eBay Inc. jumped almost 5 percent in after-hours trading on Wednesday as the company beat analyst expectations with its second-quarter earnings.
EBay earnings and revenue for the second quarter beat estimates, causing the stock to jump after the market close Wednesday.
(Bloomberg) -- EBay Inc. profit topped analysts’ estimates in the face of slowing sales growth, showing the company can extract more from its millions of loyal buyers and sellers even if it struggles to attract many new customers.The company also bowed to pressure from activist investors, saying it is reviewing the role and value of its StubHub and Classifieds businesses "to determine the best path forward to maximize shareholder value."EBay shares rose almost 6% in extended trading on Wednesday, after closing in New York at $39.03."The idea that management is open to explore a sale of StubHub caught the market’s attention," said RJ Hottovy, an equity analyst at Morningstar Inc. "They still have things to solve with their online marketplace business."EBay Chief Executive Officer Devin Wenig has struggled to jump start growth since he took the helm in 2015 following a split with PayPal Holdings Inc. Activist investors Elliott Management Corp. and Starboard Value acquired EBay stakes, and in January Elliott proposed changes including the possible sale of tickets marketplace StubHub and the classified ads business.EBay shares are up about 40% this year, more than double the benchmark S&P 500 Index. Wenig sees advertising and EBay’s new payments business as sources for revenue growth. Earlier this year, he rejected the idea of selling StubHub or other pieces of the company."They have assets they can sell to generate cash and return to shareholders," said Victor Anthony, an analyst at Aegis Capital Corp. "The reasons to own the stock remain valid despite the pressure on growth."Revenue rose 1.8% to $2.69 billion in the second quarter, in line with analysts estimates. Earnings, excluding some costs, were 68 cents per share in the quarter. Analysts estimated 62 cents, according to data compiled by Bloomberg.EBay raised its full-year profit forecast to a range of $2.70 to $2.75 per share. Wall Street expected $2.70 a share, on average.The company also projected that adjusted profit will be 62 cents a share to 65 cents a share in the current quarter on revenue of $2.61 billion to $2.66 billion. Analysts, on average, estimated profit of 63 cents a share on revenue of $2.68 billion.EBay’s advertising sales soared more than 130% to $89 million in the second quarter. Over 6,000 merchants have opted into its growing payments platform as EBay unravels a long relationship with PayPal.The online marketplace said it has 182 million active global buyers who spend about $100 billion on the platform each year.Gross merchandise volume -- the value of all goods sold on EBay properties -- fell 4.4% to $22.6 billion in the second quarter from a year earlier, the San Jose, California-based company said Tuesday in a statement.(Updated with analyst comments in seventh paragraph.)To contact the reporter on this story: Spencer Soper in Seattle at firstname.lastname@example.orgTo contact the editors responsible for this story: Jillian Ward at email@example.com, Alistair Barr, Andrew PollackFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
A clearance sale is one of the great miracles of business, one Amazon (NASDAQ:AMZN) shared with small merchants on Prime Day.Source: Shutterstock Merchandise is usually sold to retailers on "60-day net" terms. That means they have 60 days to pay for it. Big box retailers like Walmart (NYSE:WMT) destroyed small retailers by turning goods over in two weeks, selling goods before they bought them.Prime Day is a clearance sale, where AMZN expects to bring in about $5 billion during what would normally be a slack period.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 9 Retail Stocks Goldman Sachs Says Are Ready to Rip That's why clearance sales are held in the summer. They create excitement when stores, both online and off, would otherwise be empty. Competitor Walmart Joins the FunFour of Amazon's 10 biggest sellers this year were electronics products from last season. Basically, stuff it needed to move to make room for new stuff.Thanks to the hype Amazon has created around this "event," other big retailers are able to do the same thing.Walmart was able to move many of the same slow-selling products Amazon was selling, along with mattresses, tents, and electronics.Best Buy (NYSE:BBY) moved speakers, monitors, and robot vacuums. Gamestop (NYSE:GME) was able to push out old Nintendo equipment. Wayfair (NYSE:W) got rid of outdoor grills and patio furniture before the season changes. Even eBay (NASDAQ:EBAY) was able to unload old drones, printers, and cameras.For those seeking a lesson in all of this, note how many of these stores, including Amazon, were offering special deals on the Apple (NASDAQ:AAPL) Watch.By turning a mid-summer clearance into a holiday, Amazon was able to clear the decks for itself and for others before they must commit to buying the holiday merchandise that makes for profits. Prime Day also provided a stern test for Amazon's fulfillment system, its warehouses, and delivery people, before competition heats up in the fall. The Real Amazon ModelThe success of Prime Day comes as Amazon is under government pressure to change its current sales model, which emphasizes third parties, eliminating the inventory risk which makes clearance sales necessary.An appeals court ruling that makes Amazon responsible for products it never owned, combined with a European agreement forcing it into better treatment of third party merchants, could induce it to take back some inventory risk.So could the rising cost of counterfeits and Congressional complaints that Amazon's off-brand merchandise is unfair to third parties.Amazon's Asian rival, Alibaba (NASDAQ:BABA), has been steadily increasing its inventory risk, while Amazon has reduced its own to make money on fulfillment. The Amazon purchase of Whole Foods two years ago has yet to pay off, while Alibaba has been buying entire shopping malls to gain more control over customers.A change of direction by AMZN could devastate small businesses. About 58% of Amazon's retail sales are on behalf of third parties. 73% of them are by small businesses with five or fewer employees. Such small businesses are also those most likely to be selling counterfeit goods. Amazon has little choice in cracking down. The Bottom Line for AMZN StockAmazon is a retail ecosystem. It lets small companies compete directly with Walmart, Target (NYSE:TGT) and other big box shops, setting up online shops, shipping through automated warehouses, and getting the best deals on bookkeeping and delivery.Amazon is proud of these merchants, giving them access to its entire set-up, including analytics tools.As the sun sets on another Prime Day, with courts and legislators closing in to call Amazon a monopoly, these small merchants are its secret weapon. They should no longer be a secret to Amazon shareholders.Dana Blankenhorn is a financial and technology journalist. He is the author of a new environmental story, Bridget O'Flynn and the Bear, available now at the Amazon Kindle store. Write him at firstname.lastname@example.org or follow him on Twitter at @danablankenhorn. As of this writing he owned shares in AMZN and AAPL. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 9 Retail Stocks Goldman Sachs Says Are Ready to Rip * 7 Services Stocks to Buy for the Rest of 2019 * 6 Stocks to Buy and 1 to Sell Based on Insider Trading The post Amazon Prime Dayas Secret Weapon appeared first on InvestorPlace.
EBay Inc beat Wall Street estimates for quarterly revenue and profit on Wednesday, as a multi-year effort to make its platforms easier to use attracted more customers, sending its shares up 5%. EBay, facing rising competition from Amazon.com Inc and Walmart Inc, has been focusing on its emerging businesses such as advertising and payments. San Jose, California-based eBay announced a review of its StubHub and eBay Classifieds businesses in March and said it would name two new directors to its board as part of an agreement to ease pressure on the board from activist investors.
- Revenue of $2.7 billion - GAAP and Non-GAAP EPS per diluted share of $0.46 and $0.68 , respectively, on a continuing operations basis - GAAP and Non-GAAP operating margin of 20.9% and 26.9%, respectively ...
eBay is set to report its second quarter earnings after the market close later today. The online auction site has performed well recently, beating analyst expectations for the first quarter. E-Marketer principal marketer Andrew Lipsman tells Yahoo Finance's Julie Hyman, Adam Shapiro, Kristin Myers and Scott Gamm why he thinks the company's shares may decline.