Shares of Ebay fell on Thursday after the online auctioning giant reported quarterly earning that missed Wall Street's expectations. Dispite a 44 percent rise in profits, investors were hungry for more and send the stock price down as much as $12.
"Q4 was yet another good quarter for eBay," Ebay CEO Meg Whitman, said in a conference call with investors. "Few 10-year-old companies can provide these kinds of results."
Investors obviously weren't impressed. Don't worry Meg. They just don't understand.
Silicon Valley Sleuth doesn't own Ebay shares, or stock of any other company that he writes about for that matter. Nice of you to think that I would though. It would mean I actually have money.
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