EBay Cuts Cash Flow Forecast
The shares fell 3.8 percent to US$60.85 at the close in New York, their biggest one-day slide since October.
PayPal’s free cash flow in 2015 will be $1.6 to $1.8 billion which is $100 million less than the company forecast in April because of “greater clarity on separation costs,” EBay said in a presentation to investors.
Free cash flow at eBay will be as much as $2.3 billion this year, according to the presentation
|