eBay (EBAY, Financial) saw its shares drop by more than 9% to $56.89. The company's third-quarter performance exceeded some market expectations, with sales reaching $18.31 billion compared to the anticipated $18.11 billion. Adjusted earnings per share were $1.19, slightly above the expected $1.18. Active customer count reached 133 million, marginally below the forecasted 133.27 million.
Looking ahead, eBay provided guidance for the fourth quarter, projecting net revenue between $2.53 billion and $2.59 billion, falling short of the market's estimate of $2.64 billion. Earnings per share are expected to be between $1.17 and $1.22, below the anticipated $1.23.
For the full year, eBay forecasts net revenue between $10.23 billion and $10.29 billion, compared to the market's expectation of $10.32 billion. The anticipated earnings per share are between $4.80 and $4.85, slightly lower than the market expectation of $4.83.
