eBay Stock Up After Strong Earnings Beat, Growth Outlook Despite Job Cuts
- EBay stock rose 3% after reporting strong Q4 results that beat analyst estimates
- EBay issued positive guidance for Q1 sales of $2.5B-$2.54B
- EBay raised its dividend by 2 cents per share and announced a $2 billion stock buyback
- Results show eBay's business is resilient despite economic concerns and competition
- eBay is cutting its workforce by 9% (1,000 jobs) to address business slowdown