eBay Shares Slide on Holiday-Quarter Profit Outlook Despite Q3 Beat

Executives cited U.S. customs changes that have slowed cross-border volume into the country.

Overview

The company guided fourth-quarter adjusted EPS to $1.31–$1.36, below the $1.39 analyst average, with revenue expected at $2.83–$2.89 billion, above estimates.
Shares fell about 8.5% after hours and were reported down as much as 10.5% in premarket trading on Thursday.
Third-quarter results topped expectations with revenue of $2.82 billion and adjusted EPS of $1.36.
Management reported a September slowdown in shipments into the U.S. after the de minimis exemption ended, with sellers in Japan and Canada among the most affected.
CFO Peggy Alford noted a recent spike in bullion and collectible coin demand tied to precious-metals prices, characterizing it as a less durable trend.