Ron Burgundy Posted January 27, 2016 Share Posted January 27, 2016 (Reuters) - EBay Inc forecast lower-than-expected revenue and profit for the current quarter and full year, as the e-commerce company struggles against a strong dollar and stiff competition from Amazon.com Inc. The company which is also being hit as brick-and-mortar retailers such as Wal-Mart Stores Inc boost their online presence, reported that its revenue was flat in the crucial holiday quarter. EBay's shares fell about 11 percent to $23.51 in extended trading on Wednesday. EBay's forecast for first-quarter adjusted profit of 43-45 cents per share and revenue of $2.05 billion-$2.10 billion also missed analysts' average estimates. View the full article Quote Link to comment Share on other sites More sharing options...
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