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eBay Inc (NASDAQ:EBAY) announced a 17% rise in revised earnings for the Q4 on Wednesday afternoon, closely surpassing Wall Street’s forecasts, because of strength in both its Marketplace and PayPal divisions.
eBay announced net income of $751 million, or 57 cents per share for the quarter closed December 31, against net income of $1.98 billion, or $1.51 per share, for the similar period the prior year, which experienced a big gain from the sale of Skype.
Should EBAY a Buy or Sell Now? Find Out Here
Revised earnings remained $927 million, or 70 cents per share, for the latest period. Revenue increased 18% to $4 billion.
Analysts were anticipating earnings of 69 cents per share on sales of $3.98 billion, in accordance with consensus forecasts from Fact Set.
The price of eBay Inc (NASDAQ:EBAY) moved up 0.75% and finished the day at $52.90 on above average volume. The day started out with a higher opening price of $52.93 versus prior close of $52.51. The total number of shares traded on the latest trading day was about 22.25 million shares, and changed hands at average prices of $51.88 to $53.46 apiece. The shares advanced about 3.73% since the start of 2013 and has a 10.55% gain in last three months. Narrowing down the performance period, the stock rose 5.04% for the month and a 0.27% gain over the week.
Will EBAY Continue To Move Higher? Find Out Here
Liquidity Services, Inc. (NASDAQ:LQDT) has now dropped about -39.66% from its record high price level, and has declined by -1.69% for this year. It closed at $40.17, trading -15.67% below its 200 day moving average and 0.25% above its 50 day moving average. Latest close brings its distance from its 52-week low at +29.58%. The stock has a PE ratio of 27.14 and their market value is $1.26 billion.
Why Should Investors Buy LQDT After the Recent Fall? Just Go Here and Find Out
As of latest close, Mercadolibre Inc (NASDAQ:MELI) shares are up about 10.50% for 2013 and topped out a 52-week high of $104.50 (Feb 27, 2012). Since then, it has retreated 16.50% but stands 35.62% above 52-week low. The shares advanced above the 200-Day SMA ($80.09) and are now sitting 11.60% above 50-day SMA. The performance measured for the month was +11.03% and weekly performance appeared at +0.35%.
Has MELI Found The Bottom and Ready To Move Up? Find Out Here
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