eBay Inc
EBAY: XNAS (USA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| qLD | LOCK|yjj%b | LOCK|>#%PlR |
EBay Earnings: Executing Well in a Challenging Macroeconomic Landscape; Shares Overvalued
Gross merchandise volume increased for a fourth consecutive quarter, rising 1% to $18.8 billion and surpassing eBay's guidance for $18.3 billion to $18.5 billion. Non-GAAP operating margins were 29.8%, down 50 basis points, weighed by higher labor and traffic acquisition costs.
