Morning News Leader: eBay (EBAY) Posts Strong Q2 Results
eBay Inc. (EBAY) is up 7.4% Thursday morning. The company reported second-quarter earnings after the market close Wednesday of $0.68 per share on revenue of $2.7 billion. Analysts had forecast quarterly earnings of $0.62 per share and sales of $2.68 billion.
eBay Inc. (EBAY) is on an online marketplace.
SunTrust Banks, Inc. (STI) and Novartis AG (NVS) top the list of other companies with positive news today, while Netflix, Inc. (NFLX) and Genuine Parts Company (GPC) top the list of companies with negative news.
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About eBay Inc.
With $95 billion in gross merchandise volume facilitated in 2018, eBay's Marketplace facilitated nearly 4% of the $2.6 trillion global online commerce market. EBay's strategic priorities include revitalizing its Marketplace platform by emphasizing its unique product assortment and value proposition, improving the seller and buyer experience, utilizing structured data/artificial intelligence for listing searches, promoted listing advertising, and improving its mobile commerce capabilities. EBay partnered with Netherlands-based Adyen for payment intermediation beginning in 2018.