EBay warns of weaker 2008 results
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EBay Inc  warned that results for the current quarter and year would fall below Wall Street expectations, spoiling strong 2007 year-end results and the planned departure of long-serving Chief Executive Meg Whitman.
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The case for a losing year in 2008 for this leading electronics retailer.
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Wall Street profits from U.S.   operations may fall 23 percent next year as the economy slows,   corporate earnings growth moderates and fees decline, a new   study shows.
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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.  on Wednesday missed Wall Street's earnings expectations for the first time in at least three years, sending its shares down nearly 12 percent and taking other Internet stocks lower.
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U.S.-based online advertising firm Burst Media  said on Wednesday results for 2007 are likely to come in below market forecasts because of higher-than-expected ad campaign cancellations.
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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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After a string of strong years, U.S.  auto sales are slowing and an increasing number of forecasts  say sales could fall next year to their lowest in nearly a  decade, the Wall Street Journal reported on its Web site on  Monday.
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U.S. stock futures pointed to a lower  open on Thursday, weighed down by disappointing earnings from  online auctioneer eBay Inc. EBAY.O and a soft outlook from  wireless technology company Qualcomm Inc. QCOM.O late in the  previous session.
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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 and raised  "red flags" about growth prospects at the online marketplace.
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Celestica Inc. warned today that its current quarter has been much weaker than expected as the result of reduced orders from major customers.
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After a tumultuous year, industry insiders have mixed takes on eBay's long-term outlook.
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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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Business & money: Chief executive warns of tougher times until 2009 as retailer reveals first drop in two and a half years
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U.S. stocks sank on Thursday to fresh  closing lows for 2005 after earnings reports from eBay Inc.  EBAY.O and Qualcomm Inc. QCOM.O disappointed investors.
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Web auction leader eBay Inc.   on Wednesday reported a 14 percent drop in  second-quarter profit that met expectations, but its stock rose  6 percent as it announced its first-ever share buyback.
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U.S.-based online advertising firm Burst  Media  said on Wednesday results for 2007 are likely to  come in below market forecasts because of higher-than-expected  ad campaign cancellations.