Ebay has seen its shares dive five per cent after it warned investors that it would miss analyst estimates this quarter, with experts citing Amazon as the “primary culprit”.
The online marketplace said that earnings for its first quarter will come in at 50 to 53 cents per share on sales of $2.55 billion to $2.6 billion (£2 billion), missing estimates of 71 cents per share and revenues of $2.64 billion (£2.03 billion).
