eBay (EBAY) Ends 4-Day Losses, Jumps 18% on Strong Q2, Outlook

We recently published 10 Stocks Crushing With Whopping Double-Digit Gains. eBay Inc. (NASDAQ:EBAY) is one of the best-performing stocks on Thursday.

eBay snapped a four-day losing streak on Thursday, jumping 18.3 percent to close at $91.75 apiece as investors cheered its strong earnings performance and higher growth outlook for the rest of the year.

In its updated report, eBay Inc. (NASDAQ:EBAY) said net income in the second quarter jumped by 64 percent to $368 million from $224 million in the same period last year, while revenues grew by 6 percent to $2.73 billion from $2.57 billion.

In the first six months, net profit increased by 31 percent to $871 million versus the $662 million in the same period a year ago, while revenues inched up by 3.3 percent to $5.3 billion from $5.13 billion.

In the second quarter, eBay Inc. (NASDAQ:EBAY) implemented improvements to its operations, including the introduction of eBay Live which enables sellers and buyers to connect livestream; as well as the launch of an AI shopping agent which delivers real-time product recommendations and expert guidance based on users’ shopping preferences; and a generative AI tool that transforms listing images into short form videos.

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