E-commerce firm eBay forecast profit for the crucial holiday quarter below Wall Street estimates amid ongoing macroeconomic uncertainty, sending its shares down nearly 6% after the bell on Wednesday.
Tariffs and changes to certain customs requirements in the U.S. have created significant uncertainty for small businesses, while concerns over escalating prices for imported goods have weighed on consumer confidence.
The stock slide suggests that investors were not buying eBay's growth bandwidth behind the reported quarter's revenue and profit beat, said Michael Ashley Schulman, chief investment officer at Running Point Capital.
EBay's third-quarter revenue came at $2.82 billion, while adjusted profit was $1.36 per share, both beating Wall Street estimates of $2.73 billion and $1.33 per s

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