Cybersecurity
EBay Forecasts Sales Short of Estimates After Data Breach
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EBay Inc. gave a sales outlook for the third quarter that fell short of estimates as the biggest online marketplace struggles to attract more users after a data breach and changes to Google Inc.’s search engine.
Revenue in the current period will be $4.3 billion to $4.4 billion, the company said in a statement yesterday. Profit before certain items will be 65 cents to 67 cents a share. Analysts on average projected sales of $4.42 billion and profit of 70 cents, according to data compiled by Bloomberg.