EBay forecasts upbeat quarterly revenue as high-value categories drive momentum
EBay forecast third-quarter revenue above Wall Street estimates on Wednesday, leaning on its push into authenticated luxury goods, collectibles and refurbished products to bring more high-value buyers to its online marketplace.
The results are the first since the company rebuffed GameStop’s about $56 billion unsolicited bid as “neither credible nor attractive”. GameStop CEO Ryan Cohen has, however, said he plans to continue pursuing a combination.
