Jamie McKane
MyBroadband Journalist
- Joined
- Mar 2, 2016
- Messages
- 7,000
- Reaction score
- 1,008
EBay gives disappointing sales forecast
EBay Inc. gave a lackluster sales forecast for the third quarter and lowered its revenue guidance for the year, worrying investors that the online marketplace is losing momentum as the critical holiday season approaches. Shares dropped 5 percent in extended trading.
The company said sales will be $2.64 billion to $2.69 billion in the third quarter, while analysts were projecting $2.73 billion.
[Bloomberg]
EBay Inc. gave a lackluster sales forecast for the third quarter and lowered its revenue guidance for the year, worrying investors that the online marketplace is losing momentum as the critical holiday season approaches. Shares dropped 5 percent in extended trading.
The company said sales will be $2.64 billion to $2.69 billion in the third quarter, while analysts were projecting $2.73 billion.
[Bloomberg]
