Home / ebay / EBay 4Q profit and revenue fall amid recession (AP via Yahoo! Finance)

EBay 4Q profit and revenue fall amid recession (AP via Yahoo! Finance)

Quarterly earnings fell 31 percent at eBay Inc., indicating that its Internet auctions are being hurt by the recession just like traditional retail sales. The results, combined with a forecast below analysts’ expectations, sent eBay shares skidding nearly 6 percent.

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