eBay Reiterates Full-Year Forecast at Annual Shareholder Meeting

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eBay Reiterates Full-Year Forecast at Annual Shareholder Meeting

eBay Reiterates Full-Year Forecast at Annual Shareholder Meeting
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eBay Reiterates Full-Year Forecast at Annual Shareholder Meeting

by TheStreet.com Videos 1:08 mins

eBay says it's on track to meet its 2014 targets even after squaring off with investor Carl Icahn earlier this year. Chief Executive Officer John Donahoe used the e-commerce company's annual meeting to reiterate eBay's full-year earnings and revenue forecasts. Donahoe says that eBay expects to earn almost $3 a share on revenue of $18 billion for its current fiscal year, that would be a 13.5-percent increase from a year ago. On the back of the annual meeting, eBay's shares are trading above $50 a share, up more than half a percent on the upbeat outlook.

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