By Kimberly Chin

 

EBay Inc.'s shares fell 5.6 % in after-hours trading to $73.35 after the company gave a lower-than-expected sales forecast for the fourth quarter.

The online marketplace expects quarterly revenue around $2.57 billion to $2.62 billion, lower than the $2.65 billion a consensus of analysts' projected, according to FactSet. The company reported $2.87 billion in revenue in last year's fourth quarter.

The company also anticipates reported earnings of 72 cents to 76 cents a share for the current quarter, or 97 cents to $1.01 a share on an adjusted basis.

 

Write to Kimberly Chin at kimberly.chin@wsj.com

 

(END) Dow Jones Newswires

October 27, 2021 16:46 ET (20:46 GMT)

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