eBay Wants to Make Waves

Investors will get a chance this week to reassess their tepid take on eBay (EBAY Quote).

Shares of the largest Internet auction site have dropped 40% this year as an onslaught from Google (GOOG Quote) threatens to further tamp down eBay's already-slowing growth. eBay's plunge comes as the Nasdaq has posted an 8% decline and another 2006 underperformer, Net rival Yahoo!(YHOO Quote), has dropped a less breathtaking 18%.

Investors will get a chance Wednesday afternoon to judge for themselves whether reports of eBay's demise have been exaggerated. The San Jose, Calif., company is expected to make 24 cents a share, according to Thomson Financial, up from 22 cents a year earlier. Sales are expected to rise 30% to $1.41 billion. ...