EBay To Take $3bn Tax Hit
The move was announced after the close of regular trading, and investors sent the company’s shares down 4.3 percent in after-market trading. The shares had risen 1.7 percent to $54.54 in pre-report regular trading.
Overall, eBay lost $2.33 billion in the three months ended March 31. That contrasts with a net profit of $677 million a year earlier.
Revenue was up 14 percent at $4.26 billion.