Don't let it get away!
Keep track of the stocks that matter to you.
Help yourself with the Fool's FREE and easy new watchlist service today.
Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
What: Shares of online auctioneer eBay (Nasdaq: EBAY ) surged more than 10% to a new 52-week high of $28.44 in early trading, after the company announced better-than-expected revenue and earnings.
So What: On a non-GAAP basis, revenue improved 10% to $2.25 billion. Per-share net income rose 14% to $0.40. Wall Street was expecting $0.37 on $2.18 billion in revenue.
Now What: Looking ahead, management predicted $0.45 to $0.48 per share in fourth-quarter earnings, as calculated on a non-GAAP basis; that tops the Street's consensus of $0.44. The upbeat outlook suggests that earlier pessimism was overdone, and that competitors Overstock.com (Nasdaq: OSTK ) and Amazon.com (Nasdaq: OSTK ) still have their work cut out for them.
Interested in more info on eBay? Add it to your watchlist by clicking here.