EBay forecast misses estimates as growth slows

The world’s largest online marketplace, EBay forecast fourth-quarter revenue that may miss some analysts’ estimates as sales growth slows heading into the holiday season.

18th October, 2012
EBay forecast misses estimates as growth slows
It is not known whether job cuts at EBay subsidiary PayPal will impact upon Irish staff.

The world’s largest online marketplace, EBay forecast fourth-quarter revenue that may miss some analysts’ estimates as sales growth slows heading into the holiday season.

Revenue in the current quarter will be $3.85 billion to $4 billion, EBay said yesterday in a statement, compared with an average analyst projection of $3.94 billion. The company forecast profit excluding some items of 66 cents to 69 cents a share, versus a 68-cent estimate.

Chief executive John Donahoe has been spending...

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