eBay Stock Soars on So-So Earnings

In a clear case of the market reacting to a company’s meeting analyst expectations rather than actual results, eBay (NASDAQ: EBAY) stock opened trading Thursday up 7% following its fourth-quarter and fiscal 2016 earnings results. Analysts’ expectations for eBay’s fourth quarter were for revenue of $2.4 billion, gross merchandise volume (GMV) of $22.4 billion, and earnings per share of $0.53. …read more

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