EBay joined the list of e-commerce retail casualties reporting a loss and cutting its outlook.
Its full-year forecast also missed expectations.An eBay sign sits in front of the company's headquarters in San Jose, Calif.
For the year, eBay sees a loss from continuing operations of 5 cents to 25 cents a share, or an adjusted profit of $3.90 to $4.10 a share, and $9.6 billion to $9.9 billion in revenue. That is down from an earlier projection for a profit from continuing operations of $3.15 to $3.35 a share, or $4.20 to $4.40 a share as adjusted, and $10.3 billion to $10.5 billion in revenue.
In the post-earnings call, Chief Financial Officer Stephen Priest pointed to the business taking a hit from the conflict in Ukraine, which has impacted e-commerce traffic in European markets.EBay's gross merchandise volume fell 20% to $19.4 billion.
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