eBay shares dropped around 9% in extended trading on Wednesday after the company's fourth-quarter revenue guidance fell short of Wall Street expectations. Despite reporting third-quarter earnings and revenue slightly above estimates, eBay forecasted fourth-quarter revenue below analysts' expectations. CEO Jamie Iannone attributed the weak outlook to hurricanes, election distractions, and a shorter holiday shopping season. eBay continues to focus on collectible categories and AI tools to enhance user experience.
