eBay Inc. (EBAY) stock prices updated...
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eBay Inc. stock price
eBay Inc. latest news:
EBay adds artificial intelligence capability with Google Home partnership
EBay Inc. said Tuesday that it has partnered with Google and its Google Home device to offer what it calls a more personalized shopping experience with help from Google Assistant. Artificial intelligence and voice commerce are being used increasingly by retailers to provide customized service to shoppers. The new eBay service can switch from the Google Home platform to shoppers' mobile devices. EBay shares are down slightly less than 1% late Tuesday.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
PayPal stock soars to intraday record after executives raise fourth-quarter guidance
PayPal Inc. stock hit a record intraday high of $77.94 Thursday, and closed up 5.8% after news that executives raised its fourth-quarter forecasts and that it would sell its $5.8 billion credit portfolio to Synchrony Financial . PayPal issued a fourth-quarter revenue forecast of earnings of between 52 cents and 59 cents a share on revenue of between $3.64 billion and $3.7 billion. Previously, executives had forecast earnings of between 37 cents and 39 cents a share on sales of $3.57 billion to $3.63 billion. PayPal was formerly a unit of eBay Inc. and executives spun the company out after investor pressure. It started trading as a separate entity in July 2015 at $34.69. PayPal stock is up 94% this year, with the S&P 500 index up 15%.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
EBay shares plunge after third-quarter results
EBay Inc. shares plunged in the extended session Wednesday day after the company reported third-quarter earnings. EBay shares fell 4.2% to 36.40 after hours. The company reported third-quarter net income of $514 million, or 48 cents a share, compared to $509 million, or 36 cents a share, in the year-ago period. Adjusted earnings were also 48 cents a share. Revenue rose to $2.4 billion from $2.22 billion in the year-ago period. Analysts surveyed by FactSet had estimated 33 cents a share on revenue of $2.37 billion. For the fourth-quarter, analysts model earnings of 60 cents a share on revenue of $2.58 billion. EBay stock has gained 27.9% this year, with the S&P 500 index rising 14.3%.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
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