eBay rises after earnings beat, rosy outlook

eBay rose more than 10% in after-hours trading after it reported financial results that beat Wall Street estimates and gave a cheery forecast for the current quarter.

The company reported adjusted earnings per share of $1.37, compared to the $1.30 analysts polled by FactSet were expecting. It also reported revenue of $2.73 billion, compared to the $2.64 billion analysts were penciling in.

The company said it expects to report third-quarter adjusted earnings per share of between $1.29 and $1.34, compared to the $1.30 analysts are currently expecting. It also expects revenue of $2.69 billion to $2.74 billion, higher than the analyst consensus of $2.66 billion.

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SpaceX gets a wave of bullish ratings from Wall Street analysts

SpaceX received more than a dozen positive analyst calls on Tuesday — including from major Wall Street banks — as they initiate coverage on Elon Musk’s space and AI company.

SpaceX went public on June 12 at a $2.2 trillion valuation, the largest debut in history. While the company hasn’t yet posted a profit, it seems to have convinced Wall Street that it will get there and grow its valuation on the way.

Of the at least 17 analysts that gave a rating on Tuesday, all but one gave it a “buy” or “outperform” rating. MoffettNathanson was "neutral."

The ratings come as SpaceX joined the Nasdaq 100 index, a benchmark tech-heavy basket of companies that underpins millions of portfolios. The inclusion adds built-in demand for the stock from index funds and ETFs.

Still, SpaceX fell more than 5% on Tuesday amid a broader sell-off, and is currently effectively flat from its opening price of $150 a share.

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US job growth falls far short of estimates in June; unemployment rate unexpectedly dips to 4.2%

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Meta surges on report it’s starting a cloud business to sell excess AI compute

The story of the hyperscalers in 2026 has largely been “the beatings will continue until the cash flow outlook improves;” this could help change the story for Meta. Or not.

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