Don't give up on eBay yet. Despite posting a second quarter drop in earnings for the second quarter, the company beat analyst estimates. Merrill Lynch and Bank of America upgraded it to neutral on the news, while Goldman Sachs and Credit Suisse raised their earnings targets. Since the announcement yesterday evening, eBay's stock has jumped over 10% to $21.52.
|China's red-hot property market shows no signs of slowing|
|Yahoo to buy Tumblr for $1.1 billion: Report|
|Gas prices lower, but not leading to more spending|
|5 reasons why Yahoo is making a $1.1 billion mistake|