EBay Inc beat analysts' quarterly revenue estimates and forecast second-qua...
- EBay Inc beat analysts’ quarterly revenue estimates and forecast second-quarter sales largely above expectations on Tuesday, as the company’s multi-year effort to make its ecommerce platforms more user friendly attracts more customers.
Shares of the company, which is also in the middle of a review of its StubHub and eBay Classifieds businesses following activist investor pressure, rose 5 percent in extended trading. The company has been working to make its platform simpler to use, introducing grouped listings, personal recommendations and a friendlier payment process.
EBay forecast second-quarter adjusted profit of 61 cents to 63 cents per share and revenue of $2.64 billion to $2.69 billion.
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