EBay holiday outlook disappoints, shares down
October 21st, 2009
| Category: Industry News
By Alexandria Sage SAN FRANCISCO (Reuters) - EBay Inc ( EBAY.O) forecast results for the fourth quarter at the low end of Wall Street estimates, disappointing investors who were hoping for a substantial turnaround for the holidays, and its shares down 5 percent. But the global e-commerce and payments company’s fourth-quarter outlook only included a partial contribution from Skype, the fast-growing Web telephone unit it plans to sell in coming weeks. Analysts said that …
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