EBay Projects Revenue That Tops Estimates on Customer Growth
- Sales in the holiday quarter jumped 28%, beating projections
- Company says number of active buyers rose 7% to 185 million
Photographer: David Paul Morris/Bloomberg
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EBay Inc. gave revenue and profit forecasts for the current period that topped analysts’ estimates, suggesting the company is gaining new customers amid an e-commerce boom. Shares jumped about 10% in extended trading.
Sales will be $2.94 billion to $2.99 billion in the first quarter, the San Jose, California-based company said Wednesday in a statement. Earnings, excluding some items, will be $1.03 to $1.08 a share. Analysts estimated profit of 85 cents a share on sales of $2.54 billion.