eBay Inc: Will the New Strategies Work for EBAY Stock?
eBay Inc Needs More Time...
eBay Inc (NASDAQ:EBAY) stock fell almost 11% in the last trading session, closing at $29.02. Despite posting good results, EBAY stock plungeddue toweak earnings guidance.
The company has undertaken new initiatives which should benefit eBay stock in the long run.
The e-commerce company said that the expected revenues this quarter will be in the range of $2.36 billion to $2.41 billion, as compared to the analysts' expectations of $2.4 billion. The company announced third-quarter results that saw sales jump by about six.