BUZZ-eBay falls after downbeat holiday-quarter forecast

Reuters
Oct 30
BUZZ-<a href="https://laohu8.com/S/EBAY">eBay</a> falls after downbeat holiday-quarter forecast

** Shares of e-commerce company eBay Inc EBAY.O fall 9.6% to $90.00 premarket after co forecasts holiday-quarter profit below Wall Street expectations

** eBay continues to see macroeconomic challenges across international markets, along with increased headwinds for cross-border trade into the U.S., said CEO Jamie Iannone

** The removal of the De minimis exemption reduces its year-on-year volume growth for key markets importing to U.S. from September

** Co expects adj. EPS between $1.31 and $1.36, below analysts' average estimate of $1.39 - data compiled by LSEG

** Ebay's Q3 revenue and profit beat expectations

** 21 of 34 brokerages rate the stock "hold", 11 "buy" or higher, and 2 "sell" or lower; their median PT $95 - LSEG data

** Stock is up 60.67% YTD vs nearly 24% gain for NASDAQ Composite Index .IXIC

(Reporting by Utkarsh Tushar Hathi)

((utkarshtushar.hathi@thomsonreutrs.com))

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