EBay forecasts current-quarter profit below estimates, shares fall
By Yoongi in Business
Updated 3 years ago
EBay Inc (EBAY.O) on Wednesday forecast current-quarter profit below Wall Street estimates as it faces fierce competition from the likes of larger rival Amazon.com Inc (AMZN.O) for a share of the pandemic-led online shopping boom. Shares of the company fell 5% in extended trading. Pandemic-wary customers have turned to e-commerce...