Thursday, October 20, 2011

eBay gives cautious guidance...

EBay Inc. (EBAY). The operator of the largest online marketplace reported profit that matched Wall Street estimates and gave a restrained outlook for the rest of the year because of economic uncertainty. EBay reported third-quarter net income of $490.5 million, or 37 cents a share and forecasts fourth-quarter profit of 55 cents to 58 cents a year.

eBay is selling off on the earnings...the stock is down 1.38 to 31.81

This looks like an opportunity to "Buy".  Remember, earlier in the week, the company was talking about how earnings from PayPal was expected to grow.

No comments: