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Posted AT 5:00 PM EST on 16/07/08

EBay shares drop on weaker outlook

Reuters

SAN FRANCISCO — Online auctioneer eBay Inc. Wednesday forecast a weak third quarter, sending its shares down 7 per cent as the outlook overshadowed a 22 per cent rise in quarterly net profit, helped by a surge in listings. The company also said its full-year earnings and revenue would be within the range of Wall Street's forecasts. Second-quarter net income rose to $460-million (U.S.

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