Home / ebay / EBay's results top Wall Street targets but outlook disappoints

EBay's results top Wall Street targets but outlook disappoints

By Deepa Seetharaman SAN FRANCISCO (Reuters) – E-commerce giant eBay Inc forecast a smaller-than-expected second-quarter profit on Tuesday and will take a $3 billion non-cash tax charge to repatriate foreign earnings that will more than double its available U.S. cash. Shares of eBay fell 3 percent in after-hours trading despite the company's higher-than-expected first-quarter profit. During the …

More: continued here

About admin

Check Also

This Year’s ‘Power Lunch’ With Warren Buffett Sold For $3.3M on eBay – Observer

Observer This Year's 'Power Lunch' With Warren Buffett Sold For $3.3M on eBayObserverAn anonymous buyer …

Leave a Reply

Your email address will not be published.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