EBay shares fell in extended-hours trading Wednesday after the e-commerce company missed revenue expectations and handed in guidance that fell short of forecasts.
Shares dropped nearly 4 percent in extended-hours trading.
In comments after the filing, eBay executives blamed some of the slowdown on the cyberattack reported in May.
"We expect it will take longer and cost more" to recover from the cyberattack and SEO changes, an eBay executive said, according to Reuters.
The company reported earnings of 68 cents a share, excluding one-time items, edging past estimates by a penny a share. But the firm posted sales of $4.35 billion, missing expectations for $4.37 billion, according to a consensus estimate from Thomson Reuters.
Meanwhile, eBay said it expects to post current quarter earnings of between 88 cents a share and 91 cents a share, ex-items, on revenue of between $4.85 billion and $4.95 billion, falling short of estimates for 91 cents a share on sales of $5.16 billion.
"Rapidly changing competitive environments in commerce and payments underscore the opportunities for eBay and PayPal, and highlight how each business will benefit from the focus and agility of being an independent company," said eBay CEO John Donahoe in a press release. "PayPal had another strong quarter, and its mobile payments leadership and momentum continued with mobile volume up 72 percent to $12 billion."