Sales jump boosts eBay share price
The Christmas period proved to be a successful one for eBay, as the internet marketplace's share price jumped before the end of trading yesterday (January 16th) on the New York Stock Exchange.
In the last three months of the year, the company saw strong demand, with sales rising by 18 per cent to $3.9 billion (£2.5 billion) compared to the previous quarter.
On Cyber Monday (November 26th), which is historically seen as the beginning of the festive shopping season, transactions on eBay's mobile applications doubled year-on-year, while PayPal payments nearly tripled.
The firm claims the growing popularity for making purchases via smartphones helped boost activity, while PayPal payments generated the greatest growth totaling $1.5 billion in revenue.
At close of play on the technology-heavy Nasdaq last night, eBay shares rose by 0.7 per cent to $52.90 per unit, while the index itself rose by 0.2 per cent – or 6.7 points – finishing on 3117.5 points.
Find out about the Nasdaq and spread betting strategies at City Index.
Comments are closed.
From time to time, City Index Limited’s (“we”, “our”) website may contain links to other sites and/or resources provided by third parties. These links and/or resources are provided for your information only and we have no control over the contents of those materials, and in no way endorse their content. Any analysis, opinion, commentary or research-based material on our website is for information and educational purposes only and is not, in any circumstances, intended to be an offer, recommendation or solicitation to buy or sell. You should always seek independent advice as to your suitability to speculate in any related markets and your ability to assume the associated risks, if you are at all unsure. No representation or warranty is made, express or implied, that the materials on our website are complete or accurate. We are not under any obligation to update any such material.
As such, we (and/or our associated companies) will not be responsible or liable for any loss or damage incurred by you or any third party arising out of, or in connection with, any use of the information on our website (other than with regards to any duty or liability that we are unable to limit or exclude by law or under the applicable regulatory system) and any such liability is hereby expressly disclaimed.