revenue projections

Oh, my - eBay shares dropped 7% in Wednesday trading. That after the company announced in a wide-ranging conference call with analysts that it wouldn’t meet current quarterly sales and revenue projections.

That throws cold water on eBay’s reputation as a company that constantly delivers a positive earnings outlook every quarter, but that’s the lay of the land these days, and eBay is no different.

There is some good news in the earnings mix for eBay. The company posted a 22% gain in Q2 net profits and it said that earnings for the remainder of the year wouldn’t rise, but wouldn’t...