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Thursday, Apr 18
A revenue miss, light Q2 guidance, and a downgrade to Neutral from Macquarie are leading eBay...
A revenue miss, light Q2 guidance, and a downgrade to Neutral from Macquarie are leading eBay (EBAY -5.4%) to take a post-earnings breather. During the earnings call, eBay mentioned "a weaker Europe and British pound" are weighing on results, and that new users (of which eBay has been adding plenty) "have a tendency to be less engaged at the early stages of their lifecycle." Needham is staying positive, arguing the user growth will drive a 2H revenue pickup. Touting mobile's potential, eBay claims "multiscreen users buy twice as much as non-multiscreen."