EBay Projects Holiday Quarter Sales Short of Estimates
- Company enters busy period searching for permanent CEO
- Interim CEO blames sales slowdown on internet sales tax laws
The eBay app.
Photographer: Daniel Acker/BloombergThis article is for subscribers only.
EBay Inc. gave a revenue forecast that fell short of analysts’ estimates, suggesting a management shakeup threatens the performance of the online marketplace during the busy holiday shopping season.
The company said fourth-quarter sales would be $2.77 billion to $2.82 billion, compared with estimates of $2.85 billion. The results announced Wednesday show last month’s departure of Chief Executive Officer Devin Wenig, who clashed with activist investors, could cloud the fourth quarter.