Feeds

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

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

Top three mobile application threats

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." ®

Combat fraud and increase customer satisfaction

Whitepapers

Mainstay ROI - Does application security pay?
In this whitepaper learn how you and your enterprise might benefit from better software security.
Combat fraud and increase customer satisfaction
Based on their experience using HP ArcSight Enterprise Security Manager for IT security operations, Finansbank moved to HP ArcSight ESM for fraud management.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Top three mobile application threats
Learn about three of the top mobile application security threats facing businesses today and recommendations on how to mitigate the risk.
3 Big data security analytics techniques
Applying these Big Data security analytics techniques can help you make your business safer by detecting attacks early, before significant damage is done.