Markets News Thursday: eBay says foreign currency changes will cut overseas sales by $250m this year
Jul 22nd, 2010 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
Markets news on stocks, currencies and commodities; eBay, the owner of e-commerce sites and the PayPal payment service, on Wednesday reported second-quarter profit that beat analysts’ estimates while forecasting that foreign-currency losses would hit overseas sales this year. The foreign currency impact will hit annual sales by as much as $250m this year.