EBay Rises After Second-Quarter Revenue Outlook Tops Estimate
- Sales and profits also exceed estimates in the first quarter
- Results suggest effort to boost sales post-pandemic paying off
eBay headquarters in San Jose, California.
Photographer: David Paul Morris/BloombergThis article is for subscribers only.
EBay Inc. rose after projecting revenue in the current quarter that exceeded analysts’ estimates, suggesting the e-commerce company’s efforts to boost sales after a post-pandemic slump are paying off.
Revenue will be $2.47 billion to $2.54 billion in the period ending in June, the company said in a statement Wednesday. Analysts estimated $2.43 billion. Sales and earnings in the quarter ended March 31 also beat expectations, showing that EBay is slowing down its loss of customers.