eBay missed on earnings and the stock is tanking

eBay fell short of Wall Street’s earnings expectations for the fourth quarter sending the stock down more than 10% in after hours trading on Wednesday.

eBay reported EPS of 39 cents, compared to the average analyst EPS expectation of 50 cents.

Shares of the e-commerce company are down $2.63, or 9.5%, to $23.90.


NOW WATCH: Hidden Facebook tricks you need to know

NOW WATCH: Tech Insider videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at research.businessinsider.com.au.