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eBay Inc (NASDAQ:EBAY) Searches for Support Off Q3 Numbers

eBay Inc (NASDAQ:EBAY) just announced revenue for the quarter ended September 30, 2018 of $2.6 billion, increasing 6% on an as-reported basis and 6% on a foreign exchange (FX) neutral basis, primarily driven by gross merchandise volume (GMV) of $22.7 billion, up 5% on both an as-reported and FX-Neutral basis.

According to the release, the company delivered GAAP net income from continuing operations of $720 million, or $0.73 per diluted share and Non-GAAP net income from continuing operations of $554 million, or $0.56 per diluted share. The company generated $560 million of operating cash flow and $381 million of free cash flow from continuing operations while also repurchasing approximately $1.0 billion of its common stock in the quarter.

eBay Inc (NASDAQ:EBAY) frames itself as a company that operates commerce platforms that connect various buyers and sellers worldwide.

Its platforms enable sellers to organize and offer their inventory for sale; and buyers to find and purchase it virtually.

The company’s Marketplace platforms include its online marketplace at and the eBay mobile apps; and StubHub platforms comprise its online ticket platform at, and the StubHub mobile apps and online ticket platform that connect fans with their favorite sporting events, shows, and artists, as well as enables them to buy and sell tickets.

Its Classifieds platforms include a collection of brands, such as, Kijiji, Gumtree, Marktplaats, eBay Kleinanzeigen, and others, which offer online classifieds to enable people find whatever they are looking for in their local communities.

The company’s platforms enable users to find, buy, sell, and pay for items through various online, mobile, and offline channels that include retailers, distributors, liquidators, import and export companies, auctioneers, catalog and mail-order companies, classifieds, directories, search engines, commerce participants, shopping channels, and networks.


Rebound Underway?

As noted above, EBAY just announced Q3 numbers, with shares pushing higher in the after hours on 6% constant currency topline growth.

This news, while obviously helpful, figures into a tape that has been defined by distribution of late, with shares of EBAY taking a hit in recent action, down about -3% over the past week. It should be an interesting battle in terms of how the stock reacts in coming days. Over the past month, shares of the stock have suffered from clear selling pressure, dropping by roughly -16%.

“This quarter we continued to make foundational investments to improve the long-term competitiveness of our marketplace while setting the stage for significant growth opportunities,” said Devin Wenig, President and CEO of eBay Inc. “We will continue to innovate the customer experience while executing our growth initiatives in Payments and Advertising to position eBay for future success.”

eBay Inc (NASDAQ:EBAY) managed to rope in revenues totaling $2.7B in overall sales during the company’s most recently reported quarterly financial data — a figure that represents a rate of top line growth of 14.3%, as compared to year-ago data in comparable terms. In addition, the company has a strong balance sheet, with cash levels far exceeding current liabilities ($4B against $2.6B).

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