Shares of eBay (Nasdaq: EBAY) fell to a six-month low on Tuesday, tumbling 4-3/4 to 112-15/16. Investors remain concerned that eBay’s recent outage problems could mean that the company will report a loss in second-quarter earnings report.
It should be worth noting that eBay is one of the minority of Internet companies that has ever turned a profit, and that one bad quarter doesn’t mean eBay won’t be back to making money in future quarters. Regardless, the uncertainty surrounding eBay stock is going to continue at least until the company releases its second-quarter earnings after the markets close on Monday. If you don’t own the stock, it might be wisest to stay on the sidelines until then.