eBay's stock is tanking after its Q4 earnings report

eBay's stock is taking after a Q4 earnings report in which the ecommerce company said that revenue during the crucial holiday shopping quarter was flat year over year and provided a soft business outlook for the current quarter.

Shares of the e-commerce company are down $2.63, or 9.5%, to $23.90.

eBay reported revenue of $2.3 billion during the fourth quarter and adjusted EPS of 50 cents, which was roughly in line with Wall Street targets, though not exactly booming results.

The company's Q1 guidance appears to fall short of Wall Street targets though. eBay projected that its adjusted EPS will range between 43 cents and 45 cents, compared to the average analyst expecation of 48 cents.

eBay said it expects net revenue of $2.05 billion to $2.10 billion in the first quarter, also short of the $2.16 billion that analysts were expecting on average.

Developing...