Pursuits
EBay Sales, Forecasts Miss Estimates as PayPal Growth Slows
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EBay Inc. reported first-quarter revenue that missed some analysts’ estimates and forecast disappointing sales and profit for the current period as weakness in Europe weighs on growth at its PayPal unit.
First-quarter sales were $3.75 billion, the company said yesterday in a statement. That fell short of the $3.77 billion average of analysts’ estimates, according to data compiled by Bloomberg. Second-quarter revenue will be $3.8 billion to $3.9 billion, shy of the average prediction for $3.95 billion.