For eBay, Good Isn't Good Enough

Updated from July 21

eBay (EBAY Quote) blew through analysts' quarterly estimates after the close Wednesday. But as feared, the company offered guidance that wasn't up to Wall Street's heady forecasts and shares tumbled, recently down $2.89, or 3.8%, to $73.71, although off their earlier low of $71.45.

The online auction giant earned $190.40 million, or 28 cents a share, in the second quarter. The company's earnings more than doubled its profits of $91.87 million, or 14 cents a share, from the same period last year. ...