eBay (EBAY) Estimates Cut at SunTrust Robinson Humphrey

SunTrust Robinson Humphrey analyst Robert Peck cut estimates on eBay (NASDAQ: EBAY) while reiterating a Neutral rating and price target of $58, citing the Google Panda update and forced user password resets.

The lower 2Q revenue/EPS forecast 1%/$0.01 to $4.35B/$0.68 vs. guided midpoint at $4.38B/$0.68 and consensus at $4.39B/$0.69. For 2014, they lower revenue/EPS forecast 1%/$0.03 to $18.2B/$2.95 vs. guided midpoint at $18.3B/$2.98 and consensus at $18.3B/$2.99. For 2015, they lower revenue/EPS forecast 1.5%/$0.05 to $20.8B/$3.39 vs. consensus at $20.8B/$3.40.

For an analyst ratings summary and ratings history on eBay click here. For more ratings news on eBay click here.

Shares of eBay closed at $50.50 yesterday.

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