EBay Inc. has forecasted first-quarter revenue exceeding Wall Street estimates, driven by its strategic focus on specialty categories such as luxury goods and auto parts within a challenging e-commerce landscape. The company anticipates revenue between $3 billion and $3.05 billion, surpassing the average analyst estimate of $2.80 billion. Additionally, eBay announced its acquisition of the consumer-to-consumer fashion marketplace Depop from Etsy for nearly $1.2 billion in cash.
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EBay forecasts first-quarter revenue above estimates
EBay Inc. has forecasted first-quarter revenue exceeding Wall Street estimates, driven by its strategic focus on specialty categories such as luxury goods and auto parts within a challenging e-commerce landscape. The company anticipates revenue between $3 billion and $3.05 billion, surpassing the average analyst estimate of $2.80 billion. Additionally, eBay announced its acquisition of the consumer-to-consumer fashion marketplace Depop from Etsy for nearly $1.2 billion in cash.