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The Chip Board Archive 12

Apparently eBay's performance was...
In Response To: I love this... ()

...a real disappointment to Wall Street! Check out this story from CNBC's website...

"EBay shares tumble 12% after earnings miss estimates by a penny.

Online auction house eBay stunned investors this afternoon, missing fourth-quarter estimates by a penny and guiding lower for the next quarter and next year.

On a day when tech stocks generally were knocked around, eBay shares promptly tumbled more than 12% in heavy trading from $103.05 to $90.10. While the dollar was stronger and interest rates were generally lower today, the stock market's results disappointed many and sets up a tentative opening tomorrow."

They missed their profit estimate by one penny per share and the stock got absolutely hammered! Go figure.

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