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eBay shares plunge in Frankfurt trade

    EBAY
    71,570-1,43%
    FRANKFURT (Reuters) - Shares in internet auctioneer eBay plunged in Frankfurt floor trade on Thursday, after the company forecast results for the remainder of 2010 below Wall Street expectations.

    By 0712 GMT, Frankfurt-listed shares in EBAY (EBAY.NQ) were down 8.1 percent.

    "The forecast for eBay fell short of analysts' expectations," a Frankfurt-based trader said.

    Qualcomm , the world's biggest maker of cellphone chips, also fell 8.6 percent in Frankfurt , after forecasting lower-than-expected revenue late on Wednesday.

    (Reporting by Christoph Steitz)

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