San Jose, California – Shares of eBay (EBAY) took a nosedive, following the announcement of weaker-than-expected results and outlook for the e-commerce platform. The fourth-quarter earnings report showed adjusted earnings per share of $1.25, exceeding analysts’ consensus and eBay’s own forecast range. Despite a modest revenue increase of less than 1% to $2.58 billion, the figures fell in line with analysts’ expectations. Looking ahead, eBay anticipates first-quarter revenue to range from $2.52 billion to $2.56 billion, below analysts’ projections.
eBay’s CFO, Steve Priest, acknowledged the challenging macro environment, especially in Europe, while addressing uncertainties around U.S. tariffs and de minimis changes during the company’s earnings call. Consequently, eBay’s stock plummeted by 7% in late trading on Thursday while still maintaining an impressive 45% gain over the past 12 months.
Snowflake (SNOW) experienced a surge in stock prices following the release of its fourth-quarter results, outperforming Wall Street estimates. The cloud-based data storage provider’s shares exhibited a distinctive cup and handle pattern, signaling a rebound. Investors should monitor key levels on Snowflake’s chart, ranging from $190 to $275, while noting vital support near $153. By mid-afternoon Thursday, the stock’s value had risen by 8% to approximately $180.
Bath & Body Works (BBWI) faced a sharp decline in share prices after warning about the potential impact of tariffs and subdued consumer spending on future performance. Although displaying robust results for the fourth quarter that surpassed forecasts, the personal care and home fragrance retailer anticipates challenges ahead. CEO Gina Boswell highlighted the obstacles encountered by the broader retail sector, despite the company’s strong finish in the second half of the year.
President Donald Trump confirmed the impending tariffs against Canada and Mexico, scheduled to take effect on March 4th, as part of his trade policy. In addition, Trump announced the doubling of existing tariffs on Chinese goods, emphasizing the need to curb drug trafficking into the U.S. The new tariffs are expected to remain until fentanyl smuggling is significantly reduced.
Warner Bros. Discovery (WBD) witnessed a surge in stock prices due to a positive streaming outlook, offsetting lower-than-expected fourth-quarter results. The entertainment conglomerate outlined ambitious plans for expanding its Max streaming service globally, targeting 150 million global subscribers by 2026. Despite recent strategic shifts within Warner Bros. Discovery, the company remains optimistic about future growth and revenue.
Nvidia (NVDA) faced a decrease in share prices following the release of better-than-expected quarterly results and a strong outlook on the demand for advanced AI chips. The stock’s technical analysis reveals key support levels near $130, $113, and $96, underscoring the importance of monitoring critical overhead areas at $153 and $255. Despite the recent dip in stock price, Nvidia maintains a strong performance, boasting a 65% increase over the past 12 months.
The overall futures market indicated a positive start for major indexes, with futures tied to the Dow Jones Industrial Average, S&P 500, and Nasdaq 100 showing gains. This suggests a positive opening for the stock market, reflecting optimism among investors regarding future market performance.