EBay warns of weaker 2008 results
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EBay Inc  warned that 2008 results would fall below Wall Street expectations, sending its shares more than 5 percent, even as it confirmed long-serving Chief Executive Meg Whitman would step aside.
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Ford manages to half its latest losses, but still warns that it will most likely fail to make a profit in 2008.
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Retailers face one of their "toughest ever years" in 2008, a report into the UK-wide sector warns.
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Shares of eBay Inc. posted their biggest one-day drop since November 2000 on Thursday after its quarterly profit missed Wall Street expectations for the first time and raised "red flags" about growth prospects at the online marketplace.
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U.S. chain stores, reeling from the slowest holiday shopping season in five years, got some more bad news on Sunday: 2008 will not be any better and could see changes that may shift the retail playing field forever.
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EBay Inc  announced on  Wednesday the planned departure of long-serving Chief Executive  Meg Whitman as it warned that revenue for the first quarter and  2008 would fall below Wall Street expectations, despite strong  2007 year-end results.
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Shares in eBay Inc.  slipped 2 percent on Wednesday, deepening a decline since the start of 2005 as investors re-examine the Internet auctioneer's valuation after a strong run late last year, analysts said.
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EBay Inc said on Wednesday it had a strong quarterly performance in auctions, masked by a big net loss due to a write-down, and that its full-year earnings would be at the top end of expectations.
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EBay Inc  warned that  2008 results would fall below Wall Street expectations, sending  its shares more than 5 percent, even as it confirmed  long-serving Chief Executive Meg Whitman would step aside.
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The EMI Group blamed weak sales in the United States, and warned that it would miss annual profit forecasts.
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EBay was the online winner this "Black Friday," data published on Saturday showed, but overall Internet traffic growth was well below last year's even as bargain hunters tracked down sought-after toys and electronics on the Web before "Cyber Monday."
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Fears of a looming recession could batter U.S. stocks next week as investors weigh a dim earnings outlook for 2008 against a view that holds shares are cheap as seen by Microsoft's $44.6 billion bid for Yahoo.
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Shares in eBay fall 9.8% in after-hours trade in New York, after its quarterly profits fail to meet market expectations.
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High Street and catalogue retailer Next says weak Christmas and New Year sales will knock Â£5m off its full-year profits.
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Office Depot Inc. warned Tuesday of weaker-than-expected profits for the rest of the year because of disruptions from the string of hurricanes in Florida and poor sales in the rest of North America and in Europe.
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EBay Inc.  on Wednesday  posted a 50 percent rise in net profit on strength in its  auction and PayPal units but left its 2007 outlook little  changed, even though investors had hoped for more.
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Online auctioneer eBay Inc. said Wednesday that third-quarter earnings rose 77 percent on strong demand and more active users, but guided below expectations for 2005.