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EBay forecast revenue of $2.55 billion to $2.60 billion for the current quarter, compared with analysts’ target of $2.66 billion, according to IBES data from Refinitiv. GMV overall rose just 1 percent in the December quarter and also missed analysts’ estimates, while it dipped 1 percent in the United States. Still, results for the final quarter of 2018 showed eBay’s sales had climbed 6.3 percent year-over-year to $2.88 billion, exceeding Wall Street’s estimates where to buy cufflinks near me. A multi-year effort by eBay to make its platform simpler to users, by introducing grouped listings, personal recommendations and an easier-to-use payment process is helping attract shoppers..
EBay had 179 million active buyers at the end of the December quarter, about 2 million more than the previous quarter. The company also announced an increase to its share buybacks by $4 billion, reflecting the influence of eBay’s activist investors, said Tom Forte, an analyst at D.A. Davidson where to buy cufflinks near me. “The hope for eBay, in my opinion, is their ability to supplement the marketplace with advertising and a growing payments business, but I think the core marketplace is still a challenged business,” he said..
** Shares of Apple suppliers up in extended trade after Apple’s quarterly results and guide prove not as bad as some expected. ** Micron up 1.7 percent, Broadcom up 1.7 percent, Skyworks Solutions up 2 percent, Qorvo 1 percent higher where to buy cufflinks near me. ** AAPL up 5.7 percent after the bell after co reported quarterly revenue of $84.3 billion, above reduced forecast of $84 billion on Jan 2, when the co warned of weakness in China. ** At current level of $163.57, AAPL has now more than recovered from the steep selloff caused by its revenue warning..
(Reuters) – Amgen Inc on Tuesday reported fourth-quarter profit that easily surpassed expectations as sales rose and tax expense fell, but competition for its older medicines is growing and the drugmaker forecast 2019 earnings below Wall Street estimates. Shares of Amgen, the world’s largest biotechnology company, were down 2.3 percent at $187.65 in after-hours trading. For the full-year, Amgen projected adjusted earnings of $13.10 to $14.30 per share on revenue of $21.8 billion to $22.9 billion. Wall Street analysts, on average, had forecast $14.61 per share on revenue of $22.9 billion, according to IBES data from Refinitiv where to buy cufflinks near me.
Speaking on a conference call, Chief Financial Officer David Meline said Amgen faces headwinds in the form of competition for legacy products such as kidney drug Sensipar and rheumatoid arthritis treatment Enbrel as well as heightened U.S. focus on the issue of prescription drug affordability. He said Amgen’s 2019 outlook assumes its global net sales prices will drop by a rate in the “mid-single digits” after falling 1 percent in 2018 where to buy cufflinks near me. Excluding items, Thousand Oaks, California-based Amgen posted adjusted quarterly earnings of $3.42 per share, topping analysts’ average expectations by 15 cents..