Posted AT 5:00 PM EST on 16/07/08
EBay shares drop on weaker outlook
SAN FRANCISCO — Online auctioneer eBay Inc. Wednesday forecast a weak third quarter, sending its shares down 7 per cent as the outlook overshadowed a 22 per cent rise in quarterly net profit, helped by a surge in listings.
The company also said its full-year earnings and revenue would be within the range of Wall Street's forecasts.
Second-quarter net income rose to $460-million (U.S.
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| Market | Change | Value |
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| Data delayed 15 minutes | ||
| S&P/TSX | +147.55 | 11,025.90 |
| DJIA | -17.53 | 9,771.91 |
| S&P 500 | +2.53 | 1,045.41 |
| Nasdaq | +8.12 | 2,057.32 |
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U.S. stock futures head higher
Investors await key U.S. data on manufacturing and housing
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