Online marketplace eBay is getting a boost after the company reported slightly stronger than expected earnings.
The company reported earnings of $0.47 per share against analyst expectations of $0.45 per share. Revenues came in above expectations as well at $2.14 billion generated in the quarter versus $2.08 billion expected by analysts.
We are executing our plan and making progress on our strategic priorities to ensure our buyers have the best choice of products and a simple, personalised shopping experience, while sellers benefit from our powerful selling platform,” said CEO Devin Wenig in an accompanying release.
Thr stock jumped 5% immediately after the announcement in after-hours trading, but has since settled up around 4% at $25.05 a share.
More to come…