eBay Inc. EBAY posted upbeat earnings for its third quarter on Tuesday.
The corporate reported adjusted earnings of $1.03 per share for the third quarter, topping the consensus estimate of 94 cents per share. Income of $2.50 billion was in keeping with the consensus of $2.50 billion.
The corporate mentioned it sees fourth-quarter earnings of $1.00 to $1.05 per share on income of $2.47 billion to $2.53 billion. It expects FY23 earnings of $4.17 to $4.22 per share on income of $10.02 billion to $10.08 billion.
eBay shares fell 3.8% to commerce at $39.24 on Wednesday.
These analysts made modifications to their value targets on eBay following earnings announcement.
- Wells Fargo slashed the value goal on eBay from $46 to $43. Wells Fargo analyst Ken Gawrelski maintained an Equal-Weight score.
- Benchmark minimize the value goal on eBay from $60 to $56. Benchmark analyst Daniel Kurnos maintained a Purchase score.
- Truist Securities lowered the value goal on eBay from $54 to $47. Truist Securities analyst Youssef Squali maintained a Maintain score.
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