By Kathryn Hardison

 

EBay Inc. lowered its full-year guidance after swinging to a loss in the second quarter.

The company said on Wednesday that it now expects revenue between $9.6 billion and $9.9 billion for the year, compared with its outlook issued in May that looked for $10.3 billion to $10.5 billion in revenue.

For the year, eBay now projects a loss from continuing operations of $1.83 to $1.98 per share, or an adjusted profit of $3.95 to $4.10 per share. In May, it projected loss from continuing operations of 5 cents to 25 cents a share, or an adjusted profit of $3.90 to $4.10 a share.

 

Write to Kathryn Hardison at kathryn.hardison@wsj.com

 

(END) Dow Jones Newswires

August 03, 2022 16:45 ET (20:45 GMT)

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