KUALA LUMPUR, Dec 5 (Bernama) -- Bursa Malaysia closed lower on Friday amid mixed regional market performance as investors turned cautious over a possible rate hike by the Bank of Japan (BOJ) and upcoming US economic data that may influence the Federal Reserve’s (Fed) interest rate decision next week. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) pared most earlier losses to settle 4.55 points easier, or 0.28 per cent, to 1,616.52 from Thursday’s close of 1,621.07. The benchmark index, which opened 0.37 of-a-point lower at 1,620.70, moved between 1,609.67 and 1,621.25 throughout the day. The broader market was negative, with decliners outpacing advancers 604 to 439. A total of 550 counters were unchanged, 1,151 untraded, and 18 suspended. Turnover declined to 3.17 billion units worth RM2.24 billion from 4.48 billion units worth RM2.75 billion yesterday. Rakuten Trade Sdn Bhd vice-presiden...
EBay stock surged nearly 10% in after-hours trading Wednesday after the company posted better-than-expected second-quarter results, driven by higher gross merchandise volume.
Q2 Highlights:
Net Profit: $368M (79 cents/share) vs. $224M (45 cents/share) last year
Adjusted EPS: $1.37, beating estimates of $1.30
Revenue: $2.73B, up 6% YoY, above the $2.64B forecast
Gross Merchandise Volume: $19.5B, up 6%
Operating Margin: 17.7%, down from 21.3% a year ago
CEO Commentary:
“EBay delivered another strong quarter, with results exceeding expectations across the board,” CEO Jamie Iannone said.
Outlook:
Q3 EPS: 97 cents to $1.02 (analyst estimate: 98 cents)
Q3 Revenue: $2.69B–$2.74B (analyst estimate: $2.66B)
Adjusted EPS Forecast: $1.29–$1.34 (analyst estimate: $1.30)
Summary: Strong Q2 results and higher-than-expected revenue sent eBay shares soaring after hours, signaling continued momentum despite a slight decline in operating margins.
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