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EBay Inc. (EBAY) Dropped To A 1-Month Low On Q2 Outlook

eBay Inc. (EBAY) reported first quarter EPS of $0.49 after the close Wednesday, which topped the consensus estimate of $0.48. The company expects to report second quarter EPS of $0.43 to $0.45 and between $1.98 and $2.03 for the full year. Street expectations are for EPS of $0.47 and $2.01.

eBay gapped open sharply lower Thursday, but traded in a range for the majority of the session. The stock closed down by 1.33 at $32.53 on above average volume. eBay dropped to over a 1-month low and fell below its 50-day moving average.

by RTT Staff Writer

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