Stocks Drop as eBay, UnitedHealth Disappoint; Google Gains Afterhours
NEW YORK (TheStreet) -- U.S. stocks fell Thursday as eBay
The S&P 500 lost 0.7% to close at 1,541.61.
EBay dropped 5.9% to $52.82 after the e-commerce giant provided second-quarter guidance Wednesday that fell short of analysts' estimates and posted first-quarter results that fell well short of expectations.
UnitedHealth Group lost 3.8% to $59.69 after the biggest U.S. health insurer stood by its full-year earnings forecast of $5.25 and $5.50 a share but warned of lower revenues due to changes in the sales relationship with a "very large" public-sector customer. Pepsico
Written by Andrea Tse and Joseph Deaux in New York
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