eBay shares fall
Published July 18th, 2008
eBay shares fell to their lowest point in nearly two years on Thursday after its cautious near-term outlook led to downgrades by several Wall Street analysts.
The shares fell $3.90, or 13.9 percent, to $24.20.
In a statement on Wednesday eBay its second-quarter earnings climbed 22 percent, helped by growth in the company’s e-commerce sites and its PayPal payments service.
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