eBay (NASDAQ:EBAY) Shares Drop on Lower SSS in December

Shares of eBay Inc. (NASDAQ:EBAY) dropped Friday on news the company's SSS fell 1.7 percent in December.

Commenting on it, Janney Capital Markets said, "We believe the deceleration underscores the shift to stronger upfront spending, while we believe marketplace sellers may not have participated in the late season strength evidenced in comScore and MasterCard online data. Specifically, comScore indicated the last week of the Holiday online spending was up 17% which appeared to have benefited traditional online retail sites and perhaps more of Amazon’s own inventory sales."

Janney added, "While the pace of eBay’s marketplace turnaround efforts remains choppy – we continue to believe the company is on track to improve growth in FY11."

eCommerce plummeted in December after free and lower shipping incentives boosted November sales.

eBay closed Friday at $27.69, falling $0.73, or 2.55 percent.