Oct 21

EBay revenue miss doesn't dampen holiday season expectations

By MultiplyWealth's Team

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eBay posted lower-than-expected revenue this week, but it still provided anecdotal reasons to think the holiday shopping season might still be fairly strong.

The online auction site (EBAY) company turned a better-than-expected third-quarter profit, outshining disappointing results at Google (GOOG), Microsoft (MSFT), Intel (INTC) and IBM. More importantly, it provided an upbeat outlook for the fourth quarter.

It still may be on track for strong growth.

"eBay is one of a handful of large technology companies -- with great brand names and online followers -- that is growing revenues and profits organically at rates above 15 percent annually," said Multiplywealth Manager Paul Franke, who is also director of research at Multiplywealth Investing, in an interview this week with the E-Commerce Times.

"The eBay online sales environment and PayPal unit are both wonderful assets going forward, given a weak economy and rising rates of inflation."

If you want to talk about how potential market events or the fiscal cliff might affect your equity portfolio, and perhaps talk about whether some of our defensive-minded investment strategies might be right for you, write Multiplywealth at notice@multiplywealth.org It’s your own account; you can see the balance change on a daily basis, make investment changes extremely quickly, and add to or pull your money at your complete discretion.

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