Diamonds and Dogs
2/1/18
Spin-offs going in different directions. eBay (EBAY) is jumping 6% following better than expected earnings. Revenue rose 9.1% year over year to $2.61 billion. The company is raising guidance for the first quarter and for the full year. eBay's board of directors authorized an additional $6.0 billion stock repurchase program. Plenty of upgrades with price targets of $41, $50, $53, $53.
The other spin-off, PayPal (PYPL) is lower following earnings. PayPal is down 7% following better than expected earnings. Earnings came in at 55 cents a share, 3 cents better than expected. Revenues rose 25.6% year over year to $3.74 billion. The company issued inline guidance for the current quarter and full year, but after running up 100% in the last year, investors were looking for more. A number of analysts reiterated hold ratings on the stock.
Diamonds and Dogs market commentary is a journal of daily observations on anything that happens to be of interest to our author. Obviously, our primary focus is the stock market and world economic events, but for this page we have no defined topics. We want this page to be dedicated to the interests, concerns, and possibly to the financial gain of our clients and friends. All comments contained herein are for informational purposes only, and should not be considered as a solicitation to buy or sell any security. The firm does not guarantee the accuracy or completeness of the information or make any warranties regarding results from it's usage.