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eBay: Buy, buy, buy

October 18, 2012: 3:00 PM ET

More people are hitting the eBay auction block to buy and sell their wares, and they're using PayPal to complete those online transactions.

EBay (EBAY) reported third-quarter earnings per share that beat Wall Street estimates by a penny and said they have 14% more active users over last year.

Investors said buy, buy, buy to the stock Thursday, sending its shares up more than 4%. Several Wall Street analysts did too.

StockTwits lit up with comments.

BrianSozzi:Buy ratings on $EBAY rolling off the block

Nils1975: JPM, Barclays,...raise $EBAY PT -->accelerated user growth, mobile bode well for future growth + PayPal margins have lots of room to expand

eBay's PayPal unit was one of the brightest spots in eBay's earnings report, with revenue shooting up more than 20% from last year's third quarter.

d_ramsden: Payments continue to fuel $EBAY http://stks.co/lCnV as crowd continues to gather http://stks.co/jDCq $$

Ahead of eBay's earnings, company executives had announced a redesign and a new logo. But at least one trader was skeptical that would be enough to lure consumers back.

JustinPulitzer: $EBAY CEO actually said that logo redesign is getting customers back that left 5-6 years ago. LOLOLOL $$

firstadopter: $EBAY call: Q4 guidance 17% organic growth with tough comps, macro unknown particularly in Europe

 

 

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Maureen Farrell
Maureen Farrell
Staff writer, CNNMoney

Maureen Farrell is a staff writer at CNNMoney and covers Wall Street, banking, mergers and the stock and bond markets. Prior to joining CNNMoney, she covered venture capital and entrepreneurs for Forbes, and mergers and bankruptcy for Mergermarket and Debtwire, both divisions of the Financial Times.

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