Stock Market News
Ebay forecasts third-quarter revenue above estimates
2023.07.26 16:20
© Reuters. FILE PHOTO: The eBay logo is pictured on a phone screen in this photo illustration July 23, 2019. REUTERS/Brendan McDermid/Illustration/File Photo
(Reuters) – E-commerce platform eBay (NASDAQ:) forecast third-quarter revenue slightly above estimates on Wednesday, banking on its focus categories such as refurbished goods and auto parts to draw in new buyers to the marketplace.
The company forecast third-quarter revenue in the range of $2.46 billion and $2.52 billion, compared to analysts’ average estimates of $2.47 billion, per Refinitiv data.