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eBay's Q2 profit forecast falls short of estimates

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.
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