|Bid||14.64 x N/A|
|Ask||14.93 x N/A|
|Day's Range||14.93 - 15.64|
|52 Week Range||11.39 - 18.45|
|Beta (5Y Monthly)||0.30|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
(Bloomberg) -- EBay Inc. gave a lackluster revenue forecast for the current quarter, suggesting the online marketplace’s growth could slow as more people get vaccinated and return to pre-pandemic habits like traveling and dining out. Shares fell about 2% in extended trading.Sales will be $2.42 billion to $2.47 billion in the period ending in September, the San Jose, California-based company said Wednesday in a statement. Analysts, on average, estimated $2.49 billion, according to data compiled b
Adevinta reported on Thursday a bigger-than-expected jump in second-quarter revenue, as the easing of pandemic curbs lifted businesses, while the Norwegian company initiated a strategic review after completing the acquisition of U.S. e-commerce group eBay's classifieds group. Operating revenue at the online classifieds company during April-June rose to 193 million euros ($228.28 million), up 33% from 145 million a year earlier, while analysts in a Refinitiv poll on average expected 188 million euros. "We expect positive momentum to continue through the rest of 2021 albeit that volumes remain soft and uncertain in some of our markets in the short term," Adevinta said in its earnings report.
EBay Inc has agreed to sell part of its stake in Norway's Adevinta to private equity firm Permira for $2.25 billion in cash, clearing the way for a tie-up between eBay and Adevinta's classified ads businesses. The deal comes after Austria's Federal Competition Authority demanded eBay cut its holding in Adevinta to no more than 33% to approve their plan to create a world leader in classified ads.