EBay fourth-quarter revenue beats estimates

EBay fourth-quarter revenue beats estimates
  • Clock-gray 03:41
  • calendar-gray 29 January 2020

EBay Inc beat Wall Street estimates for quarterly revenue on Tuesday, as the e-commerce company’s efforts to simplify user experience attracted more customers, APA reports citing Reuters.

Revenue fell about 2% to $2.82 billion, beating analysts’ expectation of $2.81 billion, according to IBES data from Refinitiv.

Net income from continuing operations fell to $558 million, or 69 cents per share, for the fourth quarter ended Dec. 31, from $763 million, or 80 cents per share, a year earlier.


Other news