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eBay FY14 guidance likely to miss consensus by 2%, says Piper Jaffray

Piper Jaffray expects eBay to report in-line December quarter results and to issue FY14 revenue guidance that falls 2% below the Street's $18.5B estimate. Piper believes the below-consensus outlook will not surprise investors, noting that eBay has guided revenue an average of 2% below the Street in the last nine quarters. The firm keeps an Overweight rating on the stock.