EBay forecasts current-quarter revenue below estimates

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EBay said it expects third-quarter revenue in the range of $2.42 billion to $2.47 billion, while analysts were expecting $2.92 billion, according to IBES data from Refinitiv.

The company’s second-quarter revenue rose to $2.68 billion, but fell short of analysts’ expectation of $3.00 billion.

On an adjusted basis, the company earned 99 cents per share, above analysts’ estimate of 95 cents.