Monday, October 06, 2008
eBay Reaffirms 3Q Earnings Estimates
eBay CEO John Donahoe, briefly addressed the Q3 earnings call in today's announcement, reaffirming that eBay would meet the "low end" of Q3 earnings estimates.
My guess is that the market has already priced in this information, so I'm not sure where the share price will head this morning. Combining the acquisition news, layoffs and restructuring and affirming 3Q earnings all in one announcement is a lot to digest.
Just my 15%