Reported about 16 hours ago
EBay has projected a disappointing profit forecast for the upcoming holiday quarter, leading to an 8.5% drop in its shares. The e-commerce company's adjusted earnings are expected to be below Wall Street estimates, attributed to ongoing macroeconomic uncertainties and tariff changes affecting small businesses and consumer confidence. Despite beating revenue expectations in the third quarter, investor sentiment remains cautious amid these headwinds.
Source: YAHOO