Feeds

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

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

The Essential Guide to IT Transformation

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." ®

Boost IT visibility and business value

More from The Register

next story
BBC goes offline in MASSIVE COCKUP: Stephen Fry partly muzzled
Auntie tight-lipped as major outage rolls on
iPad? More like iFAD: We reveal why Apple fell into IBM's arms
But never fear fanbois, you're still lapping up iPhones, Macs
Sonos AXES support for Apple's iOS4 and 5
Want to use your iThing? You can't - it's too old
Stick a 4K in them: Super high-res TVs are DONE
4,000 pixels is niche now... Don't say we didn't warn you
Philip K Dick 'Nazi alternate reality' story to be made into TV series
Amazon Studios, Ridley Scott firm to produce The Man in the High Castle
There's NOTHING on TV in Europe – American video DOMINATES
Even France's mega subsidies don't stop US content onslaught
You! Pirate! Stop pirating, or we shall admonish you politely. Repeatedly, if necessary
And we shall go about telling people you smell. No, not really
Too many IT conferences to cover? MICROSOFT to the RESCUE!
Yet more word of cuts emerges from Redmond
Joe Average isn't worth $10 a year to Mark Zuckerberg
The Social Network deflates the PC resurgence with mobile-only usage prediction
prev story

Whitepapers

Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
The Essential Guide to IT Transformation
ServiceNow discusses three IT transformations that can help CIO's automate IT services to transform IT and the enterprise.
Consolidation: The Foundation for IT Business Transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.
How modern custom applications can spur business growth
Learn how to create, deploy and manage custom applications without consuming or expanding the need for scarce, expensive IT resources.
Build a business case: developing custom apps
Learn how to maximize the value of custom applications by accelerating and simplifying their development.