Ebay ShopingInternet company Ebay expects its earnings this quarter will be worse than expectations of some analysts on the background of deteriorating economic conditions in Europe and Asia.

According to the Ebay estimate, the company will sell at a rate of 3.85-3.95 billion, while analysts stated 3.97 billion dollars. Revenue for the second quarter amounted to 3.88 billion dollars, which is only $ 100 million worse than expected.

eBay president and CEO John Donahoe said the company is now making significant efforts related to work outside of the U.S., focusing primarily on emerging markets such as Russia or China. In 2012, 27% of the proceeds from the online auction Ebay turned out just by working outside the United States, while on the subdivision PayPal is even higher 50%. In Ebay today said that in 2013, the company’s performance will be at the lower end of a previously published forecast. Continue reading