EBay’s Quarterly Sales and Profits Exceed Analyst Estimates
This article is for subscribers only.
EBay Inc. posted quarterly results that exceeded analysts’ estimates, demonstrating that a focus on niche categories is helping it navigate intense competition from Amazon.com Inc., Walmart Inc. and Temu.
EBay’s revenue in the period ending in June increased 1% to $2.57 billion, while adjusted profit was $1.18 a share, the company said in a statement Wednesday. Analysts, on average, estimated sales of $2.53 billion and per-share earnings of $1.13.