BUZZ-eBay shares rise due to optimistic annual forecast and better-than-expected performance

October 29 - ** Shares of e-commerce company eBay (EBAY.O) rose 6.2% in premarket trading, reaching $125.3

** The company expects its adjusted earnings per share (link) for fiscal year 2026 to be between $6.25 and $6.3, higher than analysts’ expectations of $6.21—data compiled by LSEG

** In addition, revenue for fiscal year 2026 is expected to be between $12.62 billion and $12.67 billion, exceeding the estimate of $12.6 billion

** “eBay’s strong third-quarter results reflect that as more consumers embrace the ‘re-commerce’ model, we continue to maintain growth momentum across our business priorities and customer segments,” said CEO Jamie Iannone

** eBay reported third-quarter revenue and adjusted earnings per share of $3.2 billion and $1.51, respectively—both surpassing the market’s general expectations of $3.12 billion and $1.41

** Of 32 brokers, 12 have a “buy” or higher rating on the stock, and 20 rate it a “hold”; the consensus target price is $125—data compiled by LSEG

** As of the previous trading day’s close, the stock had gained 35.5% year to date

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