We collect cookies to analyze our website traffic and performance; we never collect any personal data. Cookie Policy
Accept
The Tycoon Herald
  • Trending
  • World
  • Politics
  • Business
    • Business
    • Economy
    • Real Estate
    • Money
    • Crypto / NFT
  • Innovation
  • Lifestyle
    • Lifestyle
    • Food
    • Travel
    • Fashion
    • Leadership
  • Health
  • Sports
  • Entertainment
Reading: EBay forecasts income beneath estimates on weak demand, shares fall By Reuters
Sign In
The Tycoon HeraldThe Tycoon Herald
Font ResizerAa
Search
  • Trending
  • World
  • Politics
  • Business
    • Business
    • Economy
    • Real Estate
    • Money
    • Crypto / NFT
  • Innovation
  • Lifestyle
    • Lifestyle
    • Food
    • Travel
    • Fashion
    • Leadership
  • Health
  • Sports
  • Entertainment
Have an existing account? Sign In
Follow US
© Tycoon Herald. All Rights Reserved.
EBay forecasts income beneath estimates on weak demand, shares fall By Reuters
The Tycoon Herald > Business > EBay forecasts income beneath estimates on weak demand, shares fall By Reuters
Business

EBay forecasts income beneath estimates on weak demand, shares fall By Reuters

Tycoon Herald
By Tycoon Herald 2 Min Read Published October 30, 2024
Share
SHARE

(Reuters) -Ecommerce agency eBay (NASDAQ:) forecast fourth-quarter income beneath Wall Avenue estimates on Wednesday as cautious shoppers shun collector’s objects and refurbished items, sending its shares down 11% in prolonged buying and selling.

The broader financial system continues to be fluctuating and prospects are nonetheless cautious about discretionary spending.

A number of discretionary marketplaces have been struggling to maintain progress, analysts at Bernstein have stated, highlighting the difficult macro backdrop eBay is working in opposition to.

EBay has been underneath stress as inflation-hit buyers develop into more and more picky about their on-line purchases.

U.S. vacation gross sales are anticipated to develop as a lot as 3.5% from November to December, the slowest tempo in six years, the Nationwide Retail Federation forecast in October, as buyers flip extra frugal and get choosy with spending on non-essentials.

EBay expects income within the vary of $2.53 billion to $2.59 billion for the fourth quarter ending Dec. 31. Analysts on common have been anticipating $2.65 billion, in keeping with knowledge compiled by LSEG.

The corporate forecast fiscal 12 months 2024 income to be between $10.23 billion and $10.29 billion, beneath estimates of $10.32 billion.

EBay forecasts income beneath estimates on weak demand, shares fall By Reuters

For the third quarter ended Sept. 30, eBay posted income of $2.58 billion, above analysts’ estimate of $2.55 billion.

Gross merchandise quantity, a key trade gauge that denotes the whole worth of products and providers bought on {the marketplace}, rose 2% to $18.3 billion within the quarter.

You Might Also Like

Russia for Business: Experts Who Help Drive Decisions

The Quiet Shift in America’s Workforce: Why Side Hustles Are Becoming Essential for Women Over 40

Joseph Safina’s Driven Becomes Amazon Bestseller, Blending High Finance with High Speeds

Fashion Designer Hyeonseo Irene Park: Redefining Menswear Through Originality and Collaboration

From Pattaya to the World: Bryan Flowers’ Unstoppable Rise as a Global Entrepreneur

TAGGED:DemandeBayestimatesfallforecastsReutersrevenuesharesWeak
Share This Article
Facebook Twitter Email Copy Link Print
US staff hit by slowing earnings development
Economy

US staff hit by slowing earnings development

Keep knowledgeable with free updatesMerely signal as much as the US financial system myFT Digest -- delivered on to your inbox.Earnings development within the US has slowed to a near-decade…

By Tycoon Herald 5 Min Read
Emotion and Equity in Negotiation
October 29, 2025
Saweetie Performs at Dorothy Wang’s Wedding ceremony
October 29, 2025
Jofra Archer provides England Ashes increase however batting woes a priority forward of Check collection in Australia
October 29, 2025
Trump says he is assured of a deal forward of Xi assembly
October 29, 2025

You Might Also Like

Astana International Forum 2025: “Connecting Minds, Shaping the Future”
BusinessTrending

Astana International Forum 2025: “Connecting Minds, Shaping the Future”

By Tycoon Herald 3 Min Read
Investment success: GP Fatih Marketing Research Co LLC and the gold dream in Africa
BusinessTrending

Investment success: GP Fatih Marketing Research Co LLC and the gold dream in Africa

By Tycoon Herald 4 Min Read
Gaza residents stream dwelling to the north after hostage breakthrough By Reuters
Business

Gaza residents stream dwelling to the north after hostage breakthrough By Reuters

By Tycoon Herald 6 Min Read

More Popular from Tycoon Herald

MEET THE FATHER OF COADUNATE ECONOMIC MODEL
BusinessTrending

MEET THE FATHER OF COADUNATE ECONOMIC MODEL

By Tycoon Herald 2 Min Read
Woman Sentenced to 7 Days in Jail for Walking in Yellowstone’s Thermal Area

Woman Sentenced to 7 Days in Jail for Walking in Yellowstone’s Thermal Area

By Tycoon Herald
Empowering Fintech Innovation: Swiss Options Partners with Stripe to Transform Digital Payments
InnovationTrending

Empowering Fintech Innovation: Swiss Options Partners with Stripe to Transform Digital Payments

By Tycoon Herald 7 Min Read
BusinessEntertainment

In Turn Of Events Twitch, Music Publishers Announce Collaboration

Music publishers, Twitch form a new partnership. Future Publishing via Getty Images The National Music Publishers…

By Tycoon Herald
Business

MGE Vitality subsidiary secures $50 million in senior notes By Investing.com

MADISON, WI - MGE Vitality Inc.'s subsidiary, Madison Gasoline and Electrical Firm (MGE), has entered right…

By Tycoon Herald
Trending

U.S. Blew Up a C.I.A. Post Used to Evacuate At-Risk Afghans

A controlled detonation by American forces that was heard throughout Kabul has destroyed Eagle Base, the…

By Tycoon Herald
Leadership

Northern Lights: 17 Best Places To See Them In 2021

Who doesn’t dream of seeing the northern lights? According to a new survey conducted by Hilton, 59% of Americans…

By Tycoon Herald
Real Estate

Exploring Bigfork, Montana: A Little Town On A Big Pond

Bigfork, Montana, offers picturesque paradise in the northern wilderness. National Parks Realty With the melting of…

By Tycoon Herald
Leadership

Leaders Need To Know Character Could Be Vital For Corporate Culture

Disney's unique culture encourages young employees to turn up for work with smiles on their faces.…

By Tycoon Herald
The Tycoon Herald

Tycoon Herald: Your instant connection to breaking stories and live updates. Stay informed with our real-time coverage across politics, tech, entertainment, and more. Your reliable source for 24/7 news.

Company

  • About Us
  • Newsroom Policies & Standards
  • Diversity & Inclusion
  • Careers
  • Media & Community Relations
  • WP Creative Group
  • Accessibility Statement

Contact Us

  • Contact Us
  • Contact Customer Care
  • Advertise
  • Licensing & Syndication
  • Request a Correction
  • Contact the Newsroom
  • Send a News Tip
  • Report a Vulnerability

Terms of Use

  • Digital Products Terms of Sale
  • Terms of Service
  • Privacy Policy
  • Cookie Settings
  • Submissions & Discussion Policy
  • RSS Terms of Service
  • Ad Choices
© Tycoon Herald. All Rights Reserved.
Welcome Back!

Sign in to your account

Lost your password?