eBay IncEBAY
▲ PositiveDemandrelevance
Q3 revenue outlook beats estimates, driven by strong demand in authenticated luxury, collectibles, and refurbished products.
Impact on stocks 1
Consumer Discretionary
eBay InceBay, the major U.S. e-commerce company, issued a third-quarter revenue outlook of 3.07 billion to 3.12 billion dollars, exceeding the average analyst estimate of 2.97 billion dollars compiled by LSEG. The company is benefiting from efforts to attract customers purchasing high-value items by strengthening its authenticated luxury goods, collectibles, and refurbished products businesses. In its second-quarter results, gross merchandise volume rose 15 percent year-on-year to 22.4 billion dollars, and revenue came in at 3.13 billion dollars, beating the market forecast of 3.02 billion dollars.
eBay IncQ3 revenue outlook beats estimates, driven by strong demand in authenticated luxury, collectibles, and refurbished products.