eBay's Q2 profit forecast falls short of estimates
Thursday, April 20, 2017, 9:51 AM
eBay on Wednesday forecast second-quarter profit that fell short of analysts' estimates, as it spends heavily on revamping and marketing its e-commerce platform amid stiff competition from much larger rival Amazon.com. Shares of the company fell 2.5% in trading after the bell. San Jose, California-based eBay has been making changes to its platform to lure more shoppers as well as better compete with Amazon.