Internet Retailers Report Mixed Sales (EBAY, AMZN)

Last night, e-commerce enabler ChannelAdvisor released May same-store sales updates for eBay EBAY and Amazon AMZN. Sales at eBay fell 4% Y/Y compared to no change in April. Amazon reported a 67% sales increasee in May vs. a 72% growth rate in April. Deutsche Bank did not change their ratings based on this news. eBay is rated Sell, and Amazon is rated Buy.
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Posted In: Analyst ColorNewsAnalyst RatingsConsumer DiscretionaryDeutsche BankInformation TechnologyInternet RetailInternet Software & Services
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