eBay Inc. Reports Third Quarter 2023 Results

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Go back to eBay Inc. Reports Third Quarter 2023 Results

eBay drops 6% after forecasting holiday sales below expectations; Analysts cut numbers

November 7, 2023 4:40 PM EST

(Updated - November 8, 2023 5:19 AM EST)

eBay (NASDAQ: EBAY) provided guidance for the fourth quarter that missed analyst expectations.

The company expects net revenue in the range of $2.47 billion to $2.53 billion, while analysts were looking for as much as $2.6 billion. eBay sees Q4 EPS in the range of $1.00-$1.05, while the consensus stood at $1.05.

EBay shares lost more than 6.5% in early New York trading on Wednesday.

Looking at the full year, eBay anticipates net revenue to be between $10.02 billion and... More