eBay Shares Plummet as Holiday Sales Outlook Disappoints

Despite beating third-quarter earnings expectations, eBay's guidance for the holiday season fell short, causing a significant drop in stock value.

eBay's shares dropped nearly 10% after the company provided a weaker-than-expected outlook for the fourth quarter.
The company reported third-quarter earnings of $1.19 per share, surpassing the consensus estimate of $1.18.
Revenue for the third quarter was $2.58 billion, slightly above the expected $2.55 billion.
eBay's projected fourth-quarter revenue of $2.53 billion to $2.59 billion missed analysts' expectations of $2.65 billion.
Concerns over gross merchandise volume growth and competitive pressure from rivals like Amazon and Shein have raised investor caution.