Ebay (EBAY) is a California-based digital marketplace that helps connect buyers and sellers.
And the e-commerce company’s efforts to broaden payment options helped it post strong quarterly results…
In the second quarter, EBAY reported earnings per share of $0.99 compared to the estimated $0.96. The company’s revenue came in at $2.67 billion compared to the expected $2.63 billion.
EBAY offered guidance as well. The online marketplace noted that EPS could be in the range of $0.86 to $0.90 versus the anticipated $0.88. The company forecast that revenue may be $2.42 billion to $2.47 billion, in line with the estimated $2.47 billion.
CEO Jamie Iannone explained that EBAY’s moves to add alternate payment methods such as cryptocurrency helped drive the company’s solid financials. He highlighted that because of this, EBAY would further invest in streamlining the payment experience between buyers and sellers.
This prompted investment advisory firm Baird to reiterate an “outperform” rating for EBAY stock. Baird also increased its price target from $75 to $85.
This suggests that even though EBAY is one of the largest e-commerce and payment companies around, it still offers growth opportunities for investors. And as the online marketplace further pursues alternate payment options, it could entice more consumers to use its platform.
America's #1 Pattern Trader: “These 10 Stocks Are Most Likely to Go Up”
Sponsored
The man commonly referred to as America's #1 Pattern Trader has spent the last 30 years creating a unique investing tool…
It's called “The Money Calendar.”
And one of it's primary functions is to help take the guesswork out of trading stocks.
In fact, it can pick the direction a stock will move with 90% certainty, based on over 10 years of historical data patterns.
The picks from this proprietary system are giving folks the chance to make 25%, 75%, even 100%+ on any given trade within a few days' time.
And the creator of this tool wants you to experience it's power for yourself, which is why he is sharing access for a short period of time.
He's lined up 10 stock patterns that are most likely to go up between now and December 6… including the stock names, how much they could increase, and when he believes it'll happen.
Point blank. No games. No nonsense.
