EBay Gives Outlook Suggesting Sales Comeback Will Take Longer

EBay Inc. projected revenue in the current quarter that didn’t convince investors the company’s efforts to revive sales are beginning to work. The shares declined.

Revenue will be $2.46 billion to $2.5 billion in the period ending in March, or about the same as a year earlier. In the fourth quarter, sales fell 3.9% to $2.51 billion. The e-commerce company said it had 134 million active buyers in the period ended Dec. 31, a drop of 9% from a year earlier and the seventh straight quarter of declines.