Tuesday, March 12, 2013

EBAY: eBay (EBAY -0.9%) turns lower after the latest...

10:02 AM eBay (EBAY -0.9%) turns lower after the latest batch of data from ChannelAdvisor show the company saw its same store sales growth rate fall to its lowest level since April 2011 in February at 8.2%. The reaction could be a tad overdone with the extra leap day last year providing a -3.6% headwind on the comparable for this year. eBay SSS breakdown: eBay auctions -20.3% Y/Y; eBay fixed-price +15.6%; eBay Motors +6.8%. Read comments

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