eBay Inc. (EBAY) stock prices updated...
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eBay Inc. stock price
eBay Inc. latest news:
Ebay partners with Spring for online fashion boutique
Ebay Inc. announced that it has partnered with Spring, an online retailer selling men's, women's and lifestyle items, for an online boutique offering brands like Chloe, David Yurman and Rag & Bone. Spring will have a dedicated "storefront" on eBay's site. Ebay has 171 million active buyers and, according to the company, 81% of merchandise sold on the site is new. The partnership comes at a time when Amazon.com Inc. is beefing up its online fashion offerings with private labels and partnerships with companies like Nike Inc. . Ebay shares are nearly flat in Thursday premarket trading, and up almost 29% for the year so far. The S&P 500 index is up 11.6% for 2017 to date. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
eBay lower as Q2 earnings, sales in line with forecast
Shares of eBay Inc. fell more than 4% late Thursday after the online auction company reported second-quarter earnings and sales in line with Wall Street expectations. EBay reported a net income from continuing operations of $27 million, or 2 cents a share, compared with $437 million, or 38 cents a share, in the year-ago period. Adjusted for one-time items, eBay earned $493 million, or 45 cents a share, compared with 43 cents a share a year ago. Revenue reached $2.3 billion, compared with $2.2 billion in the second quarter of 2016. The company said it expects third-quarter net revenue between $2.35 billion and $2.39 billion and adjusted per-share earnings from continuing operations in the range of 46 cents to 48 cents. The analysts surveyed by FactSet expect third-quarter per-share earnings of 48 cents a share on sales of $2.32 billion. EBay also said it expects net revenue between $9.3 billion and $9.5 billion for the year, with non-GAAP per-share earnings from continuing operations in the range of $1.98 to $2.03. The same analysts forecast per-share earnings of $2 on sales of $9.4 billion for 2017. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
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