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EBay third-quarter revenue beats estimates

29 Oct 2020 / 04:13 H.

    Oct 28 (Reuters) - E-commerce firm eBay Inc's quarterly revenue topped Wall Street expectations on Wednesday, as people staying at home due to the COVID-19 pandemic flocked to bigger rivals for online shopping.

    Revenue rose to $2.61 billion from $2.08 billion, beating analysts' average estimate of $2.48 billion, according to IBES data from Refinitiv. (Reporting by Akanksha Rana in Bengaluru; Editing by Vinay Dwivedi)

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