eBay Gives Lackluster Forecast Following Management Shakeup
Photographer: Luke Sharrett/Bloomberg
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EBay Inc. issued a lackluster revenue and earnings forecast, showing that problems with stagnant growth persist following a management shakeup last year and the sale of its tickets marketplace, StubHub.
Earnings in the current quarter will be 50 to 53 cents a share on sales of $2.55 to $2.60 billion, the company said Tuesday. The forecast missed analysts’ average estimates of 71 cents a share on revenue of $2.64 billion.