This post was originally published on this site
Business has been booming for e-commerce firms and companies with strong online presence as the COVID-19 pandemic has led more people to use their mobile phones and computers to shop.
The company now expects full-year net revenue to be between $10.56 billion and $10.75 billion. It also forecast third-quarter sales above expectations.
EBay has also been had been under pressure from activist investors Elliott Management Corp and Starboard Value, following which the company last week agreed to sell its classified ads business to Norway’s Adevinta (OL:ADEV) in a deal worth $9.2 billion.
Revenue rose to $2.87 billion from $2.42 billion in the second quarter, beating analysts’ estimate of about $2.8 billion, according to IBES data from Refinitiv.
