Future Tech

EBay forecasts quarterly revenue below expectations

Tan KW
Publish date: Thu, 02 May 2024, 08:05 AM
Tan KW
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Future Tech

 Ecommerce firm eBay forecast second-quarter revenue below Wall Street estimates on Wednesday, as demand cools for product categories like collector's items and auto parts.

The company expects revenue in the range of $2.49 billion to $2.54 billion for the quarter ending June. Analysts on average were expecting $2.56 billion, according to LSEG data.

Shares of eBay fell 4% in extended trading.

Revenue in the most recent March quarter rose 2% to $2.56 billion, slightly above analysts' estimate of $2.53 billion.

 


  - Reuters

 

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