Feeds

eBay warns investors: Don't expect 'em to stuff stockings with our tat

Sales of secondhand How the Grinch Stole Christmas to soar...

Remote control for virtualized desktops

Shares in eBay tumbled in after-hours trading on Wall Street, after the online tat bazaar coughed to a "cautious outlook" for the holiday season in the US.

The company alerted investors that it could face a difficult Christmas period and partly blamed the government shutdown for a potential slump in sales.

Wall Street reacted by pushing eBay stock down more than 5 per cent to $50.69 on the Nasdaq exchange.

It reported third quarter sales of $3.89bn, up 14 per cent compared with the same period in 2012. Net income hit $689m during Q3, eBay said.

But it has warned that trading conditions during its fourth quarter, which includes the busy Thanksgiving and Christmas holiday season, could be tough.

As a result, eBay said it expected to see revenues of between $4.5bn and $4.6bn during Q4 - a figure that misses analyst expectations, according to Reuters.

Despite that, eBay said: "We are maintaining our full year guidance, and expect to be at the lower end of the range for top and bottom line." ®

Choosing a cloud hosting partner with confidence

Whitepapers

Why cloud backup?
Combining the latest advancements in disk-based backup with secure, integrated, cloud technologies offer organizations fast and assured recovery of their critical enterprise data.
A strategic approach to identity relationship management
ForgeRock commissioned Forrester to evaluate companies’ IAM practices and requirements when it comes to customer-facing scenarios versus employee-facing ones.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Internet Security Threat Report 2014
An overview and analysis of the year in global threat activity: identify, analyze, and provide commentary on emerging trends in the dynamic threat landscape.
Top 5 reasons to deploy VMware with Tegile
Data demand and the rise of virtualization is challenging IT teams to deliver storage performance, scalability and capacity that can keep up, while maximizing efficiency.