Monday, May 20, 2024

eBay's GMV Forecast Reduced After Q3 Results, Analyst Sees Softness In UK And Germany

eBay's GMV Forecast Reduced After Q3 Results, Analyst Sees Softness In UK And Germany


Benchmark analyst Daniel L. Kurnos reiterated a Buy rating on eBay Inc (NASDAQ: EBAY), lowering the price target to $56 from $60

In the recently reported Q3 results, the company's revenue rose 5% Y/Y on reported and FX basis to $2.500 billion, marginally missing the consensus of $2.502 billion. 

3Q GMV of $17.99 billion was modestly ahead of consensus, with the outperformance coming in about equal parts between the U.S. and International, the analyst notes. 

Revenue was only in line, however, as FX headwinds and ...

Full story available on Benzinga.com