EBay's adjusted profit forecast disappoints, shares fall
Released Friday, 20th October 2017
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EBay's adjusted profit forecast disappoints, shares fall
EBay's adjusted profit forecast disappoints, shares fall
Friday, 20th October 2017
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File photo - The eBay app is seen on a mobile phone in this illustration photo October 16, 2017. REUTERS/Thomas White/Illustration (Reuters) - EBay Inc forecast current-quarter adjusted profit that was largely below analysts’ estimates as the company continues to ramp up spending to tweak its e-commerce platforms. The company’s shares fell 4.4 percent to $36.3 in after-hours trading on Wednesday. EBay forecast fourth-quarter adjusted profit of between 57 cents to 59 cents per share.
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