eBay (EBAY - commentary - Cramer's Take - Rating) kicked off the week on the wrong foot.
Shares of eBay continued to slip in afternoon trading on Monday after bearish analyst reports about the number of listings on the company's site.
The stock was recently off $1.20, or 3.9%, to $29.59, following a drop of almost 3% on Friday.
Piper Jaffray analyst Safa Rashtchy wrote that his firm's count of eBay's fourth-quarter listings suggests that they will be 8% to 11% below his estimates. Rashtchy says the shortfall in listings could cause eBay, which announces earnings on Jan. 24, to miss Wall Street revenue estimates by $50 million to $70 million.
Read more http://www.thestreet.com/_googlen/newsanalysis/technet/10331285.html?cm_ven=GOOGLEN&cm_cat=FREE&cm_ite=NA
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