Btchamp2 News

As stock rises on a slim earnings beat, eBay tells analysts to focus on payments and ads - Despite increasing competition from traditional retailers like Walmart and Target, which have invested heavily in e-commerce, and the whupping it’s routinely taking from Amazon among pure e-commerce companies, eBay the 20-year-old lumbering Pez dispenser of an e-tailer, keeps plugging along. Now, as it manages to eke out another earnings win by matching analysts’ expectations, the company is telling the bankers that watch it look to advertising and payments for its future growth. The company met analysts’ estimates of revenue totaling $2.65 billion, up from $2.41 billion in the year-ago period. That amounts to adjusted earnings of 56 cents per share, up from 48 cents per share in the year-ago period and beating analyst estimates of 54 cents per share. Profits for the company hit $720 million for the quarter. The news sent shares up over 4 percent in trading after the market closed on Tu...

[ad_1] eBay today launched a new service to help users unload their old smartphones on its online marketplace. With eBay Instant Selling, as the service is called, consumers can list their device info, add images, then receive an instant voucher that can be used towards the purchase of a new device from eBay. They’ll also receive an eBay shipping label to send their old phone to eBay. The company claims it will offer a higher return than competitors’ sites, like Gazelle or EcoATM as well as carriers’ trade-in programs like those from AT&T and Verizon, plus Apple’s own Give Back program. It says that standard programs tend to offer 40 to 50 percent off the average market selling price, but eBay will provide up to 40% higher than trade-in values, on average. Currently, eligible smartphones include Unlocked, Verizon and AT&T, Samsung Galaxy S7 to S9 + and Apple iPhone 6S 16GB through iPhone X 256GB. In November, eBay will add T-Mobile, Sprint a...