EBay third-quarter revenue beats estimates

EBay third-quarter revenue beats estimates

E-commerce firm eBay Inc's quarterly revenue topped Wall Street expectations on Wednesday, as people staying at home due to the COVID-19 pandemic flocked to bigger rivals for online shopping.

FILE PHOTO: The eBay logo is pictured on a screen in this photo illustration in New York
FILE PHOTO: The eBay logo is pictured on a screen in this photo illustration in New York, U.S., July 23, 2019. REUTERS/Brendan McDermid/Illustration/File Photo

REUTERS: E-commerce firm eBay Inc's quarterly revenue topped Wall Street expectations on Wednesday, as people staying at home due to the COVID-19 pandemic flocked to bigger rivals for online shopping.

Revenue rose to US$2.61 billion from US$2.08 billion, beating analysts' average estimate of US$2.48 billion, according to IBES data from Refinitiv.

(Reporting by Akanksha Rana in Bengaluru; Editing by Vinay Dwivedi)

Source: Reuters

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