EBay's focus on luxury to refurbished goods drives results beat
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eBay (EBAY) Rises After Topping Earnings, Revenue Estimates
November 3, 2022 1:21 PM EDTeBay (NASDAQ: EBAY) shares are trading higher Thursday, currently up over 2%, after the company beat analyst consensus earnings and revenue estimates.
The e-commerce company's earnings came in at $1.00, $0.07 above the analyst estimate of $0.93, while revenue for the quarter was $2.4 billion versus the consensus estimate of $2.33 billion. Despite the revenue beat, it fell 5% year-over-year, with Gross Merchandise Volume of $17.7 billion also declining, down 11% compared to last year.
During the quarter, the company generated $735 million of... More
