EBay forecasts annual revenue above Street estimates
1. eBay forecasts annual revenue exceeding Wall Street estimates. 2. Strong demand for collector's items and refurbished goods is noted.
FAQ
Why Bullish?
The positive revenue forecast indicates strong investor confidence, similar to past performance when eBay exceeded expectations, leading to price gains.
How important is it?
The revenue forecast suggests operational strength which can lead to stock price appreciation and thus high significance for investors.
Why Short Term?
Immediate market reactions to earnings forecasts typically affect stock prices, evidenced during previous quarterly reports.