Tag Archives: ebay

EBay Lowers Revenue Outlook, Q3 Sales Light

EBay stock fell in after-hours trading Wednesday after the payments and auctions leader, which is spinning off its PayPal unit as a separate company next year, lowered its revenue outlook for the year. The lower outlook came as eBay guided Q4 revenue and earnings below Wall Street expectations. The firm’s Q3 sales also came in light as its Marketplaces business slowed, but earnings per share edged views. EBay (EBAY) said that a cyberattack earlier

EBay’s Bitcoin Foray Might Take Time To Roll Out

PayPal unveiled a pair of moves recently that amount to the biggest endorsement yet by a major company of Bitcoin, the virtual currency that lets owners trade it online to anyone who will accept it as payment for goods and services. The issue of PayPal’s future will be underscored now that eBay (EBAY) has announced that it will spin off its payments unit as a separate public company in late 2015. Critics had chided PayPal for not making virtual

Amazon, Google September Same-Store Data Is Upbeat

Amazon.com (AMZN) and Google sharply outpaced the rest of U.S. e-commerce in their September same-store sales, according to data from ChannelAdvisor, a software maker that helps third-party retailers sell on big online websites. EBay (EBAY), which said on Sept. 30 that it’s spinning off payments unit PayPal, showed more mixed results, underperforming the industry’s average growth. ChannelAdvisor (ECOM) CEO Scot Wingo said in a blog post Wednesday