CSFB Cuts Estimates and eBay Tumbles
eBay
(EBAY)
was down 3.4% in early trading.
Credit Suisse First Boston
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cut its 2001 earnings estimate on the company to 35 cents a share from 39 cents.
CSFB said the online auction company's purchase of France's
iBazar
is important to eBay's global expansion, but it could take 6 to 12 months to generate revenue from the deal.
