eBay shares plunge in Frankfurt trade

FRANKFURT (BestGrowthStock) – Shares in internet auctioneer eBay (EBAY.O: ) plunged in Frankfurt floor trade on Thursday, after the company forecast results for the remainder of 2010 below Wall Street expectations.

By 0712 GMT, Frankfurt-listed shares in eBay (EBAY.F: ) were down 8.1 percent.

“The forecast for eBay fell short of analysts’ expectations,” a Frankfurt-based trader said.

Qualcomm (QCOM.O: ), the world’s biggest maker of cellphone chips, also fell 8.6 percent in Frankfurt (QCOM.F: ), after forecasting lower-than-expected revenue late on Wednesday.

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(Reporting by Christoph Steitz)

eBay shares plunge in Frankfurt trade