eBay Slipped Nearly 5% in Premarket Trading As Quarterly Profit Outlook Missed Estimates

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eBay Slipped Nearly 5% in Premarket Trading As Quarterly Profit Outlook Missed Estimates

Tiger Newspress2023-07-27

eBay slipped nearly 5% in premarket trading.

Its earnings per share will be 96 cents to $1.01 in the period ending in September, gross merchandise volume, the value of all goods sold on eBay, declined 2% to $18.2 billion in the quarter but topped analysts’ average estimates. The company said it had 132 million active buyers in the quarter, down 4% from a year earlier.

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