eBay shares are trading lower after the company issued Q4 and FY24 revenue guidance below estimates.
Portfolio Pulse from Benzinga Newsdesk
eBay shares declined as the company provided Q4 and FY24 revenue guidance that fell short of estimates.
October 30, 2024 | 8:54 pm
News sentiment analysis
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NEGATIVE IMPACT
eBay's stock is trading lower due to the company's Q4 and FY24 revenue guidance missing estimates, indicating potential challenges in meeting market expectations.
The guidance below estimates suggests that eBay may face challenges in achieving expected revenue growth, leading to a negative market reaction. This impacts investor sentiment and could result in short-term stock price declines.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100