EBay (EBAY) is scheduled to report Q2 earnings after the market close Wednesday, just ahead of its planned spinoff of payments business PayPal. Analysts polled by Thomson Reuters expect revenue of $4.49 billion, up 3% from the year-earlier quarter. It would be the company’s fifth straight quarter of decelerating growth. The consensus on earnings per share minus items is 72 cents, up 4%. Mark Mahaney, an analyst at RBC Capital Markets, in a
PayPal faces challenges in mobile payments amid competition with credit card networks Visa (V) and MasterCard (MA), but its acquisitions of Braintree, Paydiant and most recently Xoom could help vs. bigger rivals, says Deutsche Bank, which initiated coverage with a buy rating. PayPal last week began trading on a “when issued” basis in advance of its spinoff from online auctions and payments leader eBay (EBAY). Bryan Keane, a Deutsche Bank analyst,
Online auctions and payments leader eBay (EBAY) saw its stock dip Tuesday, the day after its PayPal unit began trading on a “when issued” basis in advance of the spinoff of the transactions business this month. Ebay stock was down a fraction in afternoon trading in the stock market today, near 62. EBay stock touched an all-time high of 66.30 in early June and is up 14% since early February. Shares of PayPal (PYPLV) began trading separately on a