EBay's poor revenue outlook overshadows first-ever dividend

Shares of the online marketplace were down 1 percent in after-hours trading, reversing course after an initial jump following eBay's move to pay a quarterly dividend of 14 cents per share. The lackluster forecast comes as San Jose, California-based eBay faces demands from two prominent activist shareholders to sell some divisions and restructure others in the midst of fierce competition with Amazon.com Inc and other online stores. EBay said consumer spending during December, a normally busy shopping period, was slow despite more buyers using its platform.