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eBay Shares Beaten Down (Update)
SAN FRANCISCO - eBay(EBAY Quote) disappointed investors with its dim outlook for the fourth quarter as a stronger dollar hurts its business overseas, while the company faces a weakening economy at home.
Shares of eBay were off 4.1% in after-hours trading to $14.70 after falling more than 13% in Wednesday's regular session.
The online auction site posted third-quarter earnings of $492 million, or 38 cents a share, compared with a loss of $936 million, or 69 cents a share, in last year's quarter, which included a hefty goodwill impairment charge. ...
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