EBay Loses Buyers And Sellers

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EBay Loses Buyers And Sellers

Shares of eBay (Nasdaq: EBAY) fell 7.88% in after-hours trading on Wednesday after the e-commerce company posted mixed earnings.

Financials: The company reported earnings of $1.05 per share and revenue of $2.61 billion; both were better than expected.

Outlook: The problem with eBay was its guidance for the current quarter. The revenue was listed between $2.43 billion to $2.48 billion and earnings per share was listed between $1.01 t0 $1.05; both were below estimates.

People Leaving: Active sellers declined by 8% in the quarter and active buyers declined by 9%.

Quote: "By investing in our strategy to drive sustainable growth, we increased customer satisfaction, improved the seller and buyer experience, and returned value to our shareholders." - Jamie Iannone, CEO of eBay.

Final Thoughts: After online retail's growth in the pandemic, the sector has dropped back to Earth. Can the online retail industry stage a comeback?

Notables

Notable Earnings Today: Block (NYSE: SQ), Alibaba Group Holding (NYSE: BABA), Moderna (Nasdaq: MRNA), Coinbase Global (Nasdaq: COIN), Nikola (Nasdaq: NKLA), Etsy (Nasdaq: ETSY), Norwegian Cruise Line Holdings (NYSE: NCLH), Beyond Meat (Nasdaq: BYND), Wayfair (NYSE: W), Opendoor Technologies (Nasdaq: OPEN), DigitalOcean Holdings (NYSE: DOCN), Zscaler (Nasdaq: ZS), Six Flags Entertainment (NYSE: SIX), Rocket Cos. (NYSE: RKT), Exp World Holdings (NasdAQ: EXPI), Occidental Petroleum (NYSE: OXY), Planet Fitness (NYSE: PLNT), Intuit (Nasdaq: INTU), American Tower REIT (NYSE: AMT), Carvana (NYSE: CVNA), ACI Worldwide (Nasdaq: ACIW), Alamo Group (NYSE: ALG), Alarm.Com Holdings (Nasdaq: ALRM), American Electric Power (Nasdaq: AEP), Anheuser-Busch InBev (NYSE: BUD), Applied Optoelectronics (Nasdaq: AAOI), Autodesk (Nasdaq: ADSK), Axon Enterprise (Nasdaq: AXON), Carrols Restaurant Group (Nasdaq: TAST), Cheniere Energy (NYSEAMERICAN: LNG), CubeSmart (NYSE: CUBE), Dell Technologies (NYSE: DELL), Discovery (Nasdaq: DISCA), Elanco Animal Health (NYSE: ELAN), Eldorado Gold (NYSE: EGO), Energous (Nasdaq: WATT), Floor & Decor Holdings (NYSE: FND), Gaming & Leisure Properties (Nasdaq: GLPI), Gannett (NYSE: GCI), Genco Shipping & Trading (NYSE: GNK), Keurig Dr Pepper (Nasdaq: KDP), Main Street Capital (NYSE: MAIN), MasTec (NYSE: MTZ), Monster Beverage (Nasdaq: MNST), MP Materials (NYSE: MP), NetEase (Nasdaq: NTES), Newmont (NYSE: NEM), Nikola (Nasdaq: NKLA), NRG Energy (NYSE: NRG), Papa John's International (Nasdaq: PZZA), Ruth's Hospitality Group (Nasdaq: RUTH), SeaWorld Entertainment (NYSE: SEAS), Southwestern Energy (NYSE: SWN), Sprouts Farmers Market (Nasdaq: SFM), Stem (NYSE: STEM), Switch (NYSE: SWCH), Vale (NYSE: VALE), VMware (NYSE: VMW), Wayfair (NYSE: W), WideOpenWest (NYSE: WOW), Amedisys (Nasdaq: AMED).

Notable IPOs Today: Clean Earth Acquisitions Corp. Unit (Nasdaq: CLINU).

Notable Equity Crowdfunding Campaigns Ending Today: Dryvebox (Republic), Artillery Brewing (Honeycomb), Voyage Media (Wefunder), Cortex (Republic), StaySafe Concrete Products (Wefunder), Mariposa Technology (NetCapital).

Notable Economic Events Today: Jobless Claims (8:30 a.m. ET), GDP (8:30 a.m. ET), New Home Sales (10:00 a.m. ET), Crude Oil Inventories (11:00 a.m. ET).

Live Nation Sees Record Year in 2022

Shares of Live Nation (NYSE: LYV) jumped 5.38% in after-hours trading on Wednesday after the entertainment company posted positive earnings results.

Financials: Live Nation reported revenue of $2.71 billion, which was better than expected.

A Record: Ticket sales in the quarter hit a record for Live Nation. And thanks to a strong pipeline of upcoming events in 2022, the company said that it expects to deliver a record financial performance.

Final Thoughts: Live Nation has strong confirmed sales for events in the summer. Can the company continue this level of growth in future years?

SafeMoon Predictions from Experts

Cryptocurrency SafeMoon has had a wild year since its inception in March 2021. Where do experts see the price going in the future?

Bullish: DigitalCoinPrice expects the price of SafeCoin to go up to $0.00311 in 2025 and $0.00665 in 2030.

Bearish: WalletInvestor expects SafeMoon to take a negative turn this year, from $0.00000145 USD to $0.000000133 USD.

Final Thoughts: It’s been a volatile month for SafeMoon. Proponents expect another big surge this year in the price.

Trends to Watch

Life Gives You Bad Earnings: Lemonade stock drops 20% after disappointing outlook, Q4 earnings fall short of consensus (Seeking Alpha)

Conflict: Fuel prices spike amid Ukraine crisis, with some markets hovering near $5 a gallon (The Washington Post)

Tough Ride: New Peloton CEO says he’s not focused on raising prices, sees ‘very bright future’ ahead (CNBC)

Growing: Bitcoin Trends Upward as Markets Calm Despite Ukraine Tensions (CoinDesk)

Driving: Jeep Maker Is No Tesla, and That’s Suddenly OK (The Wall Street Journal)

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