Ahead of the Bell: eBay to post 3Q results
NEW YORK (AP) — EBay Inc. is expected to post higher third-quarter earnings and revenue Wednesday after the market closes, thanks to strength in its PayPal unit as well as its e-commerce platforms.
Europe could be a sore spot, though in the second quarter, the company said it was able to make up for weakness in the region by strength everywhere else.
The company recently redesigned the eBay.com website, so it may provide an update on how its customers are responding to it. The redesign was aimed to simplify shopping on the site and to encourage people to browse products they might want to buy.
EBay has also been working to expand PayPal beyond the Internet, to brick-and-mortar stores and to mobile devices, so investors may be listening for any updates on this front. Earlier this year, the company unveiled a mobile payments service for merchants, PayPal Here, that lets customers pay using credit cards, PayPal accounts or, in the U.S., personal checks using merchants' mobile phones.
Analysts, on average, expect earnings of 54 cents per share on revenue of $3.41 billion, according to a poll by FactSet.