Orlando, FL -- (SBWIRE) -- 10/22/2013 -- Hot Stock Profits provides investors and traders with valuable trading tools and content as well as micro-cap stock alerts via eMail and text messages. To Join Our Text Message Alerts Service Just Text The Word Stocks To 555888 From Your Cell Phone. Our Focus Today Is On Facebook Inc(NASDAQ:FB), eBay Inc (NASDAQ:EBAY).
Facebook Inc(NASDAQ:FB) shares decreased 0.68% to $53.85. Evercore said on Oct. 15 that Facebook's roll out of customizable audience tools and data management provider partnerships is enabling offline marketers to re-target online, creating additional pricing strength and expanding Facebook's addressable opportunity into offline commerce. The firm said ARPU upside potential remains significant and reiterates its Overweight rating.
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eBay Inc (NASDAQ:EBAY) shares declined 0.50% to $51.94. The company on Oct. 17 report that was in-line with Wall Street analysts' forecasts, but its outlook for the fourth-quarter fell short of expectations. EBay said that for the final three months of the year, it expects to earn 79 cents to 81 cents a share, excluding one-time items, on revenue of $4.5 billion to $4.6 billion. Analysts had earlier forecast eBay to earn 81 cents a share on $4.64 billion in sales for its fourth quarter.
The company reported that revenue for the third quarter ended September 30, 2013, increased 14% to $3.9 billion, compared to the same period of 2012. The company reported third quarter net income on a GAAP basis of $689 million, or $0.53 per diluted share, and non-GAAP net income of $837 million, or $0.64 per diluted share. Third quarter non-GAAP earnings per diluted share increased 17% driven primarily by strong top-line growth. GAAP earnings per diluted share increased 16%, driven by revenue growth and the sale of our investments in RueLaLa and ShopRunner.
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