eBay Q3 Earnings Beats Expectations Following Its Split From PayPal

eBay reported its third-quarter earnings today — its first as a separate company from PayPal — and beat investor expectations with earnings of 43 cents per share and $2.1 billion in revenue. Investors were looking for $2.09 billion in revenue and earnings of 40 cents per share.

The report sent eBay shares straight up, with the company’s stock rising 9 percent in extended trading. In the second quarter this year, eBay’s standalone revenue was $2.11 billion, and in the same quarter last year the company’s revenue was $2.15 billion. Prior to the earnings report, shares of eBay were up around 2.5 percent on the year.

Still, the numbers are not as good as the prior year. Revenue was down 2 percent year-over-year, and the company’s earnings per share fell 6 percent year-over-year. The company reported GMV of $19.6 billion, compared to GMV of about $20 billion in the same quarter the year earlier. eBay isalso selling off its enterprise unit, essentially splitting off both PayPal and eBay enterprise as part of the company’s earnings report.

Taken together, this essentially pegs eBay’s core services as a stable, but not necessarily exciting business in terms of growth. The company unveiled a new version of its app in September this year with a more unified mobile experience. At the time, the company’s apps had been downloaded 279 million times.

As expected eBay faces increasingly stiff challenges from selling competitors like Amazon, but it does seem like investors are showing a little bit of faith in the company’s core business model. For the next quarter, the company is forecasting $2.275 billion to $2.325 billion in revenue, and earnings of between 47 cents and 49 cents per share.This is eBay’s first quarter reporting separately from PayPal, a big bellwether moment for the company as it returns to its roots as a selling platform. PayPal started trading in July earlier this year, and at the time immediately popped around 8 percent in trading on its first day as an independent, publicly traded company.

Comments

Google Announces Android Wear Update With WiFi Support, Always-On Apps, And More

It has been a while since Android Wear got any substantial updates, but today Google is announcing a big one. A new version of Wear will be rolling out over the coming weeks that includes a number of previously rumored features (like WiFi support) and some all new stuff (like always-on apps). Most Wear devices use the always-on ambient mode for the watch face by default, the Moto 360 being a notable exception. The new Android Wear version allows apps to operate in ambient mode too, so they remain active when the watch goes to sleep. That makes it easier to take a quick glance at the app instead of waking the device up and opening the app all over again. The watch will still only go into full-color mode when necessary. WiFi support is also coming in the update, which means your watch can be useful even if your phone isn't connected. Watches with WiFi support will be able to connect to WiFi and still get messages and notifications from your phone, provided it has an interne...

Budding #entrepreneur from Chandigarh University!!

Budding #entrepreneur from Chandigarh University!! #CU #students unfolded their creative ideas and presented them with a productive shape! Meet Our #Automobile #Engineering student - Trilok Singh, who has started his own start-up with the name GEARR TECHNOLOGIES under the guidance of CU-TBI. This start up focuses on affordable high end #Bicycles and its high #technology equipment’s. This start- up will bring to the Indian audience the scope of Products, #innovation, creativity and customization available in the market. Watch the video!!

The Eight Most Impactful Excel Shortcuts That You Should Master

If you’ve ever gone online to research improving your Excel skills, you’ve undoubtedly come across a post or two listing all of Excel’s keyboard shortcuts. In the latest version of Excel, Microsoft has made it easier than ever to learn shortcuts, by assigning shortcuts to nearly every function and making the discovery of the input sequence very transparent. While memorizing Excel shortcuts will generally improve your productivity, not all shortcuts are created equal. Shortcuts that you never use are not inherently not very useful and not worth memorizing. Your focus should be on the shortcuts that have the most impact – either by the amount of time it saves you, the frequency that you’ll use them, or the behavior it encourages. If you’ve already started using Excel or just haven’t utilized shortcuts heavily before, review the top eight shortcuts below. For any that you don’t know already, I would suggest memorizing them and incorp...

Facebook will verify the location of U.S. election ad buyers by mailing them postcards

Facebook’s global director of policy programs says it will start sending postcards by snail mail to verify buyers of ads related to United States elections. Katie Harbath, who described the plan at a conference held by the National Association of Secretaries of State this weekend, didn’t reveal when the program will start, but told Reuters that it would be before the Congressional midterm elections in November. The cards will be sent to people who want to purchase ads that mention candidates running for federal offices, but not issue-based political ads, Harbath said, and contain a code that buyers need to enter to verify that they are in the U.S. The program is similar to ones used by Google My Business and Nextdoor when they need to verify business owners or users who want to join closed neighborhood groups, respectively. Harbath told Reuters that the postcards “won’t solve everything,” but were the most effective method the company came up with to prevent people from using fa...

South Korea aims for startup gold

Back in 2011, when South Korea won its longshot bid to host the 2018 Winter Olympics, the country wasn’t widely recognized as a destination for ski and snow lovers. It wasn’t considered much of a tech startup hub either. Fast forward seven years and a lot has changed. For the next 10 days, the eyes of the world will be on the snowy slopes of PyeongChang. Meanwhile, a couple of hours away in Seoul, a burgeoning startup scene is seeing investments multiply, generating exits and even creating a unicorn or two. While South Korea doesn’t get a perfect score as a startup innovation hub, it has established itself as a serious contender. More than half a billion dollars annually has gone to seed through late-stage funding rounds for the past few years. During that time, at least two companies, e-commerce company Coupang and mobile-focused content and commerce company Yello Mobile, have established multi-billion-dollar valuations. To provide a broader picture of how South Korea stacks ...

Exciting Technology

Search This Blog