EBay late Wednesday reported Q3 earnings that handily beat Wall Street expectations, presenting its first quarterly financial report since it split off PayPal into a separate company. Excluding PayPal (PYPL), eBay (EBAY) posted earnings per share minus items from continuing operations of 43 cents, down 6% from the year-earlier period but 3 cents better than the consensus estimate, as polled by Thomson Reuters. The e-commerce giant reported revenue
EBay (EBAY) might find it’s a bit lonely without PayPal (PYPL). The online marketplace posts its first results without its payments unit after the close Wednesday, and analysts expect declines on the top and bottom lines. Analysts project the e-commerce giant will report 40 cents in adjusted earnings per share and $2.1 billion in revenue for the third quarter, according to analysts polled by Thomson Reuters. Excluding PayPal revenue from Q3 2014,
Competition with Apple (AAPL) and Google (GOOGL) in mobile payments isn’t scaring most Wall Street analysts from initiating coverage on PayPal with bullish calls. Citigroup, Barclays and Raymond James on Wednesday initiated coverage on online payments processor PayPal (PYPL), which started trading on Monday following its spinoff fromeBay (EBAY), with buy, overweight and outperform ratings, respectively. Despite the burgeoning rivalry with Apple and