ebay inc shares jumped more than 7 in the extended session wednesday after the online marketplace beat expectations for earnings and revenue and predicted an inline holiday quarter ebay ebay reported a thirdquarter net loss of 70 million or 13 cents a share compared with earnings of 43 cents a share in the yearago period adjusted earnings which exclude stockbased compensation expenses and other items were 1 a share compared with 90 cents a share in the yearago period revenue declined to 238 billion from 25 billion in the yearago quarter analysts surveyed by factset had forecast adjusted earnings of 93 cents a share on revenue of 232 billion after closing with a 44 decline at 3806 shares were trading for close to 41 in the extended session wednesday “i’m proud of our team and community for remaining resilient in the face of a challenging macroeconomic environment” chief executive jamie iannone said in a statement macroeconomic concerns have weighed on ebay as pandemic gains for ecommerce companies come back to earth and rising inflation puts a crimp in consumers’ budgets the stock has fallen 425 in the past year while the sp 500 index spx has dropped 191 and that spread has widened in the past three months with ebay shares falling 212 and the sp declining 58 “macro headwinds such as recordhigh inflation rising interest rates supply chain disruptions geopolitical conflict and adverse foreign exchange have all seemingly worsened since the previous earnings report continuing to weigh on discretionary spend levels and broader ecommerce” jp morgan analyst doug anmuth wrote monday while reducing his price target on the stock to 43 from 50 and maintaining a neutral rating “some may view ebay as defensivevalueoriented given the majority of gmv is preowned nonnew inseason but we generally view most items and the focus categories it has leaned into ie luxury watches designer handbags sneakers  trading cards as discretionary in nature and believe they could be challenged in a recessionary environment” he continued ebay forecast adjusted earnings of 103 to 109 a share on revenue of 242 billion to 25 billion for the fourth quarter analysts had estimated 105 a share on revenue of 249 billion for the fourth quarter according to factset