Core Viewpoint - E-commerce firm eBay has forecasted lower-than-expected profits for the upcoming holiday quarter due to ongoing macroeconomic uncertainties, leading to an 8.5% drop in its shares after the announcement [1]. Group 1: Financial Performance - eBay reported third-quarter revenue of $2.82 billion and adjusted profit of $1.36 per share, both exceeding Wall Street estimates of $2.73 billion and $1.33 per share respectively [3]. - For the fourth quarter, eBay forecasts adjusted earnings between $1.31 and $1.36 per share, which is below analysts' average estimate of $1.39 per share, while revenue is expected to be between $2.83 billion and $2.89 billion, above the estimate of $2.79 billion [5]. Group 2: Macroeconomic Challenges - The company continues to face macroeconomic challenges across international markets, with increased headwinds for cross-border trade into the U.S. [2]. - The U.S. has ended de minimis tariff exemptions for parcel imports, impacting online marketplaces like eBay, particularly affecting sellers in Japan and Canada [4][5]. - Concerns over rising prices for imported goods and changes in customs requirements have negatively impacted consumer confidence [1]. Group 3: Market Trends - There has been a deceleration in year-over-year volume growth starting in September in key markets importing into the U.S. following the removal of the de minimis exemption [3]. - An increase in demand for bullion and collectible coins has been observed, attributed to rising commodity prices for precious metals, although this trend may not be sustainable [4].