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EBay beats revenue estimates as e-commerce demand holds steady

(Reuters) -EBay Inc surpassed Wall Street estimates for second-quarter revenue on Wednesday as online shopping held steady in the face of rising inflation, sending shares up 4%....
EBay beats revenue estimates as e-commerce demand holds steady © Reuters. FILE PHOTO: The eBay app is seen on a smartphone in this illustration taken, July 13, 2021. REUTERS/Dado Ruvic/Illustration/File Photo

(Reuters) -EBay Inc surpassed Wall Street estimates for second-quarter revenue on Wednesday as online shopping held steady in the face of rising inflation, sending shares up 4%.

Online retailers such as eBay (NASDAQ:EBAY) are benefiting from the selective purchase behavior of consumers navigating record-high inflation by limiting spends to essential items.

"Our focus category strategy is working, and payments and advertising are driving further growth," said Chief Executive Jamie Iannone.

Revenue declined 9% to $2.4 billion, but came in higher than analysts' estimates of $2.37 billion, according to IBES data from Refinitiv.

For the current quarter, eBay forecast revenue in the range of $2.29 billion to $2.37 billion, also higher than expectations of $2.30 billion.

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16-08-2022 20:47:01 (UTC+7)

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    USD/JPY 134.57 Sell  
    AUD/USD 0.7014 Buy  
    USD/CAD 1.2881 Sell  
    EUR/JPY 136.80 ↑ Buy  
    EUR/CHF 0.9655 ↑ Buy  
    Gold 1,790.25 ↑ Sell  
    Silver 20.117 Buy  
    Copper 3.6325 ↑ Buy  
    Crude Oil WTI 89.50 ↑ Buy  
    Brent Oil 95.03 Neutral  
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    US Coffee C 222.00 ↑ Sell  
    Euro Stoxx 50 3,790.45 ↑ Sell  
    S&P 500 4,290.40 ↑ Sell  
    DAX 13,835.17 ↑ Sell  
    FTSE 100 7,546.90 ↑ Sell  
    Hang Seng 19,830.52 ↑ Buy  
    Small Cap 2000 2,008.20 ↑ Sell  
    IBEX 35 8,496.44 Neutral  
    BASF 44.182 ↑ Buy  
    Bayer 54.10 ↑ Sell  
    Allianz 179.29 ↑ Buy  
    Adidas 170.34 ↑ Sell  
    Lufthansa 6.705 ↑ Sell  
    Siemens AG 111.28 ↑ Sell  
    Deutsche Bank AG 8.986 ↑ Buy  
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Cập nhật 16-08-2022 20:47:03
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Cập nhật lúc 18:54:08 16/08/2022
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