EBay forecasts profit below estimates on stiff competition, shares fall

EBay forecasts profit below estimates on stiff competition, shares fall

3 years ago
Anonymous $f-b3Pf4iLZ

https://www.reuters.com/article/us-ebay-results/ebay-forecasts-profit-below-estimates-on-stiff-competition-shares-fall-idUSKBN2CF2O7

(Reuters) -EBay Inc's second-quarter profit forecast came in below market expectations as it faces fierce competition from bigger rivals including Amazon.com Inc for a slice of the pandemic-led online shopping boom, sending its shares down 6%.