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EBay Cuts Cash Flow Forecast

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