eBay (EBAY) Climbs 3% on Holiday Boost

Core Viewpoint - eBay Inc. is experiencing a significant rise in stock performance, driven by expectations of increased consumer spending during the holiday season, which is anticipated to boost sales across the retail sector [1][2]. Group 1: Stock Performance - eBay shares increased by 2.97 percent, closing at $87.74, marking the fourth consecutive day of gains [1]. - The company is rallying alongside other internet retail companies, indicating a broader positive trend in the sector [2]. Group 2: Revenue Expectations - For the fourth quarter, eBay expects revenues to reach between $2.83 billion and $2.89 billion, reflecting an implied year-on-year growth of 8 to 10 percent [2]. - The full-year revenue target is set between $10.97 billion and $11.03 billion, projecting a year-on-year growth of 6 percent [3]. Group 3: Recent Earnings Results - In the last quarter, eBay reported mixed earnings, with net income remaining flat at $632 million [4]. - Total revenues increased by 9 percent to $2.82 billion from $2.58 billion year-on-year, with advertising revenues contributing $525 million, or 2.6 percent of gross merchandise value [4].