EBay Inc raised its current-quarter revenue and profit forecasts on Thursday, as people stuck at home due to the COVID-19 pandemic ordered more ...
EBay Inc raised its current-quarter revenue and profit forecasts on Thursday, as people stuck at home due to the COVID-19 pandemic ordered more through its online platform, sending its shares to a record high.
Soaring online demand has boosted performance of e-commerce companies as well as helped traditional retailers' businesses.While Walmart and Target , which also sell essential goods, recorded their best online sales in years, specialty retailers American Eagle and Best Buy sold more online as stores remained closed during lockdowns.
The company said revenue in classifieds were performing at the high end of estimates. It said in February it was looking at multiple candidates for a potential sale of the unit.
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