EBay late Tuesday posted Q1 EPS and sales that narrowly beat views, but its outlook missed and PayPal’s sales growth remained flat for a third straight quarter. EBay (EBAY) stock was down more than 4% in after-hours trading Tuesday, after the release, after rising 1.7% in the regular session. “EBay is holding its own, but could do better,” ITG analyst Steven Weinstein told IBD. San Jose, Calif.-based eBay this month reached an accord with
Analysts will be focusing on eBay’s (EBAY) gross merchandise volume, or GMV, growth when the payment and e-commerce powerhouse reports first-quarter earnings after the close Tuesday. The 40 analysts polled by Thomson Reuters expect eBay to report average EPS excluding items such as stock-based compensation of 67 cents, up 6.3% from 63 cents in the year-earlier quarter. Sales are pegged at $4.23 billion, up 12.8% from $3.75 billion. In the current
EBay’s (EBAY) e-tail tech unit, eBay Enterprise, expanded its presence in online shipping services Thursday, announcing a ship-from-store service for retailers that cuts freight rates and provides consumers with cheaper and faster package delivery. The development represents an addition to eBay’s existing ship-to-store service. The move comes as eBay steps up its competition with Amazon.com (AMZN) to offer delivery for items bought online. EBay is