EBay Lowers Revenue Outlook, Q3 Sales Light

By | October 15, 2014

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EBay stock fell in after-hours trading Wednesday after the payments and auctions leader, which is spinning off its PayPal unit as a separate company next year, lowered its revenue outlook for the year. The lower outlook came as eBay guided Q4 revenue and earnings below Wall Street expectations. The firm’s Q3 sales also came in light as its Marketplaces business slowed, but earnings per share edged views. EBay (EBAY) said that a cyberattack earlier Scalper1 News

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