It seems that there is life for eBay Inc after spinning off its major engine of growth, payment processing company PayPal Inc.
USA Today said the company’s financials for the third quarter were remarkably strong that it experienced an 8.6 percent surge in stock price during after hours on Wednesday. Reuters added that EBay had raised its forecast for adjusted profit from its continuing operations for the full year from USD1.72 to USD1.77 per share to USD1.80 to USD1.82 per share. Its market analyst arm, Thomson Reuters, said analysts expected the company to profit at USD1.78 per share.
On a call to the news site, eBay Chief Financial Officer Scott Schenkel said the increase was a reflection of the company’s stellar earnings performance in the second quarter, eBay’s repurchase of shares, and a more favorable tax.
RBC Capital Markets analyst Mark Mahaney told Bloomberg, "There were fears the company would miss estimates. The fact that it didn’t was all anyone was really looking for in this market."


Anthropic Fights Pentagon Blacklisting in Dual Federal Court Battles
TSMC Japan's Second Fab to Produce 3nm Chips by 2028
Australia's Social Media Ban for Under-16s Sparks Global Movement
Lumentum Holdings Rides AI Wave With Order Book Filled Through 2028
Annie Altman Amends Sexual Abuse Lawsuit Against OpenAI CEO Sam Altman
NASA Artemis II: First Crewed Moon Mission Since Apollo Takes Four Astronauts on 10-Day Lunar Journey
SanDisk Joins Nasdaq-100, Replacing Atlassian on April 20
Britain Courts Anthropic Amid US Defense Department Dispute
U.S. Disrupts Russian Military Hackers' Global DNS Hijacking Network
Anthropic's Mythos AI Model Sparks Emergency Cybersecurity Meeting With Top U.S. Bank CEOs
OpenAI Addresses Security Vulnerability in macOS App Certification Process
NASA's Artemis II Mission: First Crewed Lunar Journey Since Apollo
China's Push to Steal Taiwan's Chip Technology and Talent Raises Security Alarms
Bendigo and Adelaide Bank Posts Strong Q3 Earnings, Announces AI-Driven Job Cuts
Microsoft's $10 Billion Japan Investment: AI Infrastructure and Data Sovereignty Push
Apple Turns 50: From Garage Startup to AI Crossroads 



