EBay gave a disappointing earnings forecast for the second quarter and said Europe was weak, pushing its shares lower in after-hours trade.
The e-commerce company forecast a second-quarter profit of 61 to 63 cents per share and revenue of US$3.8 billion to US$3.9 billion (HK$29.50 billion to HK$30.3 billion).
Analysts were looking for 66 cents a share on revenue of US$3.95 billion, according to Thomson Reuters I/B/E/S.
Late last month, eBay set aggressive three-year growth targets, based on international expansion plans and more focus on mobile commerce.
via Business feed http://www.scmp.com/business/companies/article/1217347/ebay-second-quarter-forecast-disappoints
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