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eBay Inc. (EBAY)

  • Aug. 11, 2013, 6:15 PM
    • In a cover story on Jeff Bezos and Amazon (AMZN), FastCompany's J.J. McCorvey observes the company's new AmazonFresh grocery service (offered via its $299/year Prime Fresh free shipping plan) is a "Trojan horse" meant to give Amazon's broader same-day delivery efforts needed scale.
    • Amazon is also hoping its same-day infrastructure (replete with Amazon trucks) will increase its appeal to 3rd-party sellers (now responsible for 40% of unit sales) by lowering delivery times. Merchants already cite access to Prime as a reason for outsourcing fulfillment to Amazon (and giving a ~20% cut).
    • EBAY could prove a formidable same-day rival. Instead of building its own soup-to-nuts infrastructure, eBay is relying on dozens of offline retailers (inc. major national chains) to help handle fulfillment. Google is also dipping its toes into same-day.
    • Currently available in L.A. and Seattle, AmazonFresh is expected to expand to 20 more markets, including some international ones. SunTrust recently predicted an NYC launch will happen in 2014.
    • Also mentioned by McCorvey: Amazon is now able to ship items less than 2.5 hours after an order is placed; and wants to further lower than number; Prime now covers 15M+ items (up from 1M in '05); and Amazon is still "evaluating" how to use Kiva's robots.
  • Aug. 6, 2013, 8:01 AM
    • Alliance Data (ADS) announces it struck a multi-year agreement with PayPal (EBAY) to be an issuer for the Bill Me Later program.
    • The companies say they will also work together on PayPal's plan to expand rapidly as a physical merchant payment processor.
    • PR
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  • Jul. 24, 2013, 2:15 PM
    Angie's List (ANGI -2.6%) falls ahead of today's Q2 report after TechCrunch observes eBay (EBAY +0.8%) is testing a local services marketplace in the U.K. Like Angie's List, eBay's marketplace, known as eBayHire, gives consumers the chance to contact individuals advertising their services on the site. It remains to be seen whether eBay will do a full commercial U.S. launch, and whether it can build the critical mass of users and service providers needed to become a serious threat to Angie's List. Yelp (YELP -1.4%), whose local listings/reviews serve as indirect competition to marketplaces, is off moderately.
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  • Jul. 22, 2013, 12:46 PM
    eBay's (EBAY -0.1%) Now same-day delivery service has arrived on PCs (it launched as mobile-only), and is set to expand to Brooklyn, Queens, Chicago, Dallas, and the Bay Area peninsula (Manhattan and SF have been its first two markets). eBay has lofty ambitions for Now, foreseeing it as a same-day infrastructure for local retailers that can leverage existing retailer stores and warehouses. This is something Amazon (AMZN -0.7%), which just launched its $299/year Prime Fresh same-day service in L.A., could be hard-pressed to replicate, since it competes with many of those retailers. Initial partners for Now include Target, Home Depot, Best Buy, Macy's, and Walgreen.
  • Jul. 18, 2013, 11:12 AM
    Needham downgrades eBay (EBAY -6.4%) to Hold following its Q2 revenue miss and light Q3 guidance, citing international softness and "slowing Marketplace fundamentals." Though granting eBay is taking steps to revamp Marketplaces, the firm doesn't "expect any single investment to serve as a momentum-changing catalyst in the near term." Top-rated sellers (22% Q2 same-store sales growth) and mobile (2M new users, 5.6M listings/week, $20B+ in 2013 transactions expected) remain areas of strength for Marketplaces. Amazon (AMZN -1.2%) continues to follow eBay lower, but Overstock (OSTK +15.7%) is soaring after trouncing Q2 estimates and reporting a 170 bps Y/Y increase in gross margin to 19.7%. (eBay transcript)
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  • Jul. 18, 2013, 9:10 AM
    Premarket gainers: TTHI +45%. SIFY +22%. OSTK +16%. REDF +15%. INO +11%. CY +11%. GLUU +7%. SVU +6%.
    Losers: JAKK -23%. SHW -9%. SCSS -8%. EBAY -7%.
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  • Jul. 17, 2013, 7:06 PM
    eBay's (EBAY) growth slowdown is purely the result of macro and has nothing to do with competition, management insisted on the Q2 call. It also insisted the issues are focused on Europe/Korea, and that the U.S. is trending as expected. Analysts questioned eBay on the gap that has opened up between Marketplaces active user growth (+14% Y/Y to 120M) and sales growth (+10%). The company chalks this up to new user demographics (they tend to be younger, and more likely to be in emerging markets). PayPal active accounts +4.7M Q/Q to 132M; they rose by 5M in Q1. PayPal payment volume +24% Y/Y, up from Q1's +21%. Marketplaces GMV (exc. vehicles) +13%, even with Q1 - U.S. +16%, international +11%. Total "enabled commerce" volume +21% to $50.6B. Shares -6.2% AH. (Q2: I, II) (slides)
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  • Jul. 17, 2013, 5:46 PM
    After-hours top gainers, as of 5:15 p.m.: TTHI +18%. PLXS +5%. SNDK +5%. AKRX +4%. AVEO +4%.
    After-hours top losers: JAKK -21%. IDIX -7%. SCSS -7%. EBAY -6%. SGMO -5%.
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  • Jul. 17, 2013, 4:36 PM
    eBay (EBAY) is guiding for Q3 revenue of $3.85B-$3.95B and EPS of $0.61-$0.63, below a consensus of $3.97B and $0.65. 2013 guidance is for revenue of $16B-$16.5B and EPS of $2.70-$2.75 vs. a consensus of $16.3B and $2.75. The company says "macroeconomic headwinds in Europe and Korea will continue to be a challenge" in 2H. PayPal revenue +20% Y/Y in Q2, up from Q1's 18%. But Marketplaces revenue (exc. a tax gain) only +10%, down from Q1's +13%. Shares -5.5% AH. Amazon (AMZN) -0.7% in sympathy. CC at 5PM ET (webcast). (Q2 results) (slides) (PR)
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  • Jul. 17, 2013, 4:16 PM
    eBay (EBAY): Q2 EPS of $0.63 in-line. Revenue of $3.87B (+14% Y/Y) misses by $0.02B. Shares -3.3% AH. (PR)
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  • Jul. 17, 2013, 12:10 AM
    Notable earnings after Wednesday’s close: ALB, AXP, CCK, CLB, CVA, EBAY, EPB, IBM, INTC, KMP , NE, PLXS, RLI, SCSS, SLM, SNDK,STLD, VMI, XLNX
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  • Jul. 16, 2013, 5:35 PM
    Notable earnings after Wednesday’s close: ALB, AXP, CCK, CLB, CVA, EBAY, EPB, IBM, INTC, KMP , NE, PLXS, RLI, SCSS, SLM, SNDK,STLD, VMI, XLNX
  • Jul. 12, 2013, 1:58 PM
    eBay (EBAY) tries to profit from the 3D printing boom by launching Exact, an iOS app that allows users to browse and buy custom, 3D-printed merchandise. The app initially supports 20 categories and three 3D printing service providers, one of which is Stratasys (SSYS) acquisition target MakerBot. Leading service provider/marketplace Shapeways isn't on board yet. The app launch comes shortly after Amazon unveiled a 3D printer/accessory section for its site.
  • Jul. 11, 2013, 5:17 PM
    Amazon (AMZN +2.5%) crosses $300 for the first time and closes just slightly below the mark after ChannelAdvisor (ECOM +3.6%) reports same-store sales for clients relying on Amazon rose 30.6% Y/Y in June, better than May's disappointing 25.8% and even with April. eBay (EBAY +1.8%) clients posted 17.7% same-store growth, up from May's 16% but below April's 20.5% - auctions -17.2%, fixed-price sales +18.9%, Motors +27.8%. In a positive for Google (GOOG +1.7%), search ad-driven same-store sales rose 5.1% and shopping engine sales 10%; those numbers are better than May's -0.8% and +0.3%. Topeka notes Amazon faced tougher comps in June than May.
  • Jul. 9, 2013, 4:30 PM
    Citi launches coverage on the Internet services space after the bell. Google (GOOG), Amazon (AMZN), Yahoo (YHOO), AOL, and eBay (EBAY) have been started at Buy, Netflix (NFLX), Facebook (FB), LinkedIn (LNKD), Yelp (YELP), and Zillow (Z) at Neutral, and OpenTable (OPEN) at Sell. OPEN -4% AH.
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  • Jul. 5, 2013, 10:56 AM
    eBay (EBAY +0.2%) acquires top Belgian classifieds sites and, strengthening a European business that makes up a huge chunk of its international sales (55% of Marketplaces revenue in Q1). eBay notes the acquired sites have 5.5M monthly unique visitors, and says they'll join a classifieds unit featuring sites for more than 25 countries and 1K cities.
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Company Description
eBay Incis a commerce platform and provides online marketplaces for sales of goods. The Company's business segments are Marketplaces, Payments and Enterprise.