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Stock Market & Financial Investment News

News Breaks
May 14, 2014
06:04 EDTEBAYEBAY implied volatility of 20 at lower end of index mean range
News For EBAY From The Last 14 Days
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October 15, 2014
17:16 EDTEBAYeBay says biggest driver to increased operating expenses was sales/marketing
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17:12 EDTEBAYeBay cites slower Marketplace growth, FX headwinds for reduced guidance
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17:09 EDTEBAYeBay says PayPal on pace to process 1B mobile transaction this year
Comment from company Q3 earnings call.
16:30 EDTEBAYeBay sees FY14 EPS at low end of $2.95-$3.00, consensus $2.97
16:28 EDTEBAYeBay sees FY14 EPS at the lower end of guidance
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16:19 EDTEBAYeBay lower by almost 5% to $48 after reporting Q3 results and guidance
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16:18 EDTEBAYeBay lowers FY14 revenue view to $17.85 - $17.95, consensus $18.15B
16:17 EDTEBAYeBay sees Q4 EPS 88c-91c, consensus 91c
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16:16 EDTEBAYeBay reports Q3 EPS 68c, consensus 67c
Reports Q3 revenue $4.35B, consensus $4.37B.
15:28 EDTEBAYNotable companies reporting after market close
Notable companies reporting after the market close, with earnings consensus, include American Express (AXP), consensus $1.36; eBay (EBAY), consensus 67c; Kinder Morgan (KMI), consensus 34c; Kinder Morgan Energy Partners (KMP), consensus 64c; Kinder Morgan Management (KMR), consensus 58c; El Paso Pipeline Partners (EPB), consensus 39c; Netflix (NFLX), consensus 93c; United Rentals (URI), consensus $2.08; Navient (NAVI), consensus 52c; Las Vegas Sands (LVS), consensus 58c; Umpqua Holdings (UMPQ), consensus 29c; Astoria Financial (AF), consensus 16c; Rambus (RMBS), consensus 5c.
14:17 EDTEBAYeBay technical comments ahead of earnings
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13:09 EDTEBAYEarnings Preview: eBay to report Q3 earnings after PayPal spin-off announcement
eBay (EBAY) is expected to report third quarter earnings after the market close on Wednesday, October 15 with a conference call scheduled for 5:00 pm ET. eBay is a technology company that enables commerce through Marketplaces, Payments, and GSI. EXPECTATIONS: Analysts are looking for earnings per share of 67c on revenue of $4.37B. The consensus range is 65c-72c for EPS, and $4.33B-$4.43B for revenue, according to First Call. LAST QUARTER: eBay reported second quarter EPS of 69c against estimates of 68c on revenue of $4.37B against estimates of $4.38B. The company gave Q3 EPS guidance of 65c-67c and Q3 revenue guidance of $4.3B-$4.4B as well as FY14 EPS guidance of $2.95-$3.00. It narrowed FY14 revenue guidance to $18B-$18.3B from $18B-$18.5B. eBay said Google search algorithm change slowed traffic in June. The company confirmed the Q3 guidance during a conference call in September. NEWS AND STREET RESEARCH: eBay announced in late September that it will separate eBay and PayPal into two independent publicly traded companies, set to be completed in the second half of 2015. eBay Marketplaces President Devin Wenig will be the CEO of the new eBay company and Dan Schulman will become CEO of the new PayPal company. The cost of the transaction has yet to be determined, and the split is not designed to position either business for sale. During its conference call to discuss the split, the company said PayPal is on track to process 1B mobile payments this year and added that Apple (AAPL) could help speed NFC adoption and would be good for PayPal. eBay adds that it has "never been more bullish" on PayPal's prospects. Following the announcement, there were rumors that Google (GOOG) was looking to acquire eBay. Piper Jaffray said the press reports of the talks between the two companies are "largely unsubstantiated." The company was downgraded at JPMorgan, JMP Securities, Jeffries, and Wedbush after the announcement of a split due to increased uncertainty. Investors say the benefit of the spin-off plans are not as clear, unsure if a standalone PayPal is in a better position to compete in the quickly changing digital payments space. Wedbush analysts say a spin-off will not boost the payment processor's business and may have negative consequences for both companies. Investors were also split on how Apple's mobile payments platform will affect eBay and PayPal. RW Baird said Apple iWallet will pose a threat to PayPal, particularly to its opportunities at point-of-sale and Piper Jaffray said the new payments system will further weigh on eBay's multiple over the next six months. JPMorgan, however, said iWallet will be a net positive for payment networks and Citigroup believes the risks from Apple are likely overstated. PRICE ACTION: eBay shares have dropped more 2.21% since the first day of trading following the company's Q2 report. In Wednesday midday trading ahead of its earnings report, eBay shares are trading down 2%.
06:06 EDTEBAYStocks with implied volatility below IV index mean; GPS EBAY
Stocks with implied volatility below IV index mean; eBay (EBAY) 31, Gap (GPS) 35 according to iVolatility.
October 14, 2014
12:48 EDTEBAYeBay October volatility elevated into Q3 and guidance
eBay October call option implied volatility is at 52, November is at 30, January is at 28; compared to its 26-week average of 27 according to Track Data, suggesting large near term price movement into the expected release of Q3 results on October 15.
12:46 EDTEBAYSquare CEO Dorsey says not in talks with PayPal
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12:31 EDTEBAYeBay PayPal unit in talks to buy Square, Bank Innovations reports
PayPal, which is spinning off from eBay in 2015, is exploring several potential acquisitions, including the purchase of Square, according to Bank Innovation, citing sources close to both companies. The acquisition talks are in the “early stages,” but are described as "serious" and "intense" by the sources, the report stated. Bank Innovation said it had "no word yet" on an acquisition price, but assumes it would be above the $6B valuation ascribed to Square in a recent fundraising effort. Shares of eBay are up a bit over 1% in afternoon trading. Reference Link
12:26 EDTEBAYPayPal in 'early' but serious talks to buy Square, Bank Innovations says
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06:01 EDTEBAYStocks with implied volatility below IV index mean; GPS EBAY
Stocks with implied volatility below IV index mean; eBay (EBAY) 31, Gap (GPS) 35 according to iVolatility.
October 13, 2014
12:37 EDTEBAYeBay initiated with a Sector Perform at Portales
06:12 EDTEBAYStocks with implied volatility below IV index mean; GPS EBAY
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