EBay beats Street by stopping the rot (People’s Daily)

SAN FRANCISCO: EBay Inc posted better-than-expected quarterly results after managing to slow a persistent deterioration in its main Web auctions and retail business, propelling its shares nearly 5 percent higher. But executives and analysts warned that consumer spending remained weak with unemployment rising and credit still tight, likely dampening revenue growth in coming quarters. Chief …

More: continued here

Similar Posts

Leave a Reply

Your email address will not be published. Required fields are marked *