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eBay's Q4 sales forecast misses estimates after security breach

CEO says 100m of 152m users have changed passwords

Published Thu, Oct 16, 2014 · 09:50 PM

San Francisco

EBAY Inc, which will split into two companies next year, gave a sales forecast for the fourth quarter that missed estimates as the company recovers from the impact of a security breach that curbed customer growth.

Revenue for the current period will be US$4.85 billion to US$4.95 billion, the company said on Wednesday. Profit before certain items will be 88 cents to 91 cents a share.

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eBay's Q4 sales forecast misses estimates after security breach

Consumer & Healthcare

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US FDA approves Pfizer’s gene therapy for rare bleeding disorder

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Shareholders raise questions over dividend payout, directors’ salaries at Best World AGM ahead of proposed privatisation

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