eBay sales results below expectations

eBay has reported a first quarter profit of $US677 million ($A654.64 million), a rise of 19 per cent from the same period a year earlier. eBay’s revenue grew 14 per cent to $US3.75 billion, slightly below Wall Street’s expectations. Analysts polled by FactSet were anticipating $US3.77 billion. For the current quarter, eBay expects earnings of 46 cents to 48 cents per share and adjusted earnings of 61 cents to 63 cents per share. Analysts are predicting higher earnings of 66 cents per

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