02-04-2021, 09:36 AM
Ebay earnings beat on pandemic-driven surge in online shopping; shares soar
E-commerce firm eBay Inc said on Wednesday it would emerge "stronger" from the COVID-19
crisis after a pandemic-driven surge in online shopping helped the company beat estimates for
sales and profit in the holiday quarter.
Shares of the company were up nearly 10per cent in extended trade.
The global health crisis has forced millions of Americans to stay indoors, leading to a jump in
online orders for e-commerce companies including eBay, Amazon.com Inc and Walmart Inc's
online business.
"We'll be stronger coming out of the pandemic than we were going in," eBay Chief Executive
Officer Jamie Iannone said in an interview with Reuters.
The company was benefiting from its updated strategy, Iannone said, which includes drawing
shoppers through fashion offerings including sneakers and watches, enabling easier payments
and improving its mobile app.
EBay, a marketplace known for unique or hard-to-find inventory, is not focused on copying
larger e-commerce rivals, he added.
"Our buyers were very active during the holiday season. In the United States, one in 10 online
shoppers bought something on eBay. In Germany, that number was one in seven and in
the UK, it was one in four," Iannone said on a conference call with analysts.
EBay also projected first-quarter revenue in the range of US$2.94 billion to US$2.99 billion,
above estimates of US$2.53 billion, according to IBES data from Refinitiv.
You can follow this news here. : เกมยิงปลา สุดมันส์ เล่นสนุกจบในเว็บเดียว
E-commerce firm eBay Inc said on Wednesday it would emerge "stronger" from the COVID-19
crisis after a pandemic-driven surge in online shopping helped the company beat estimates for
sales and profit in the holiday quarter.
Shares of the company were up nearly 10per cent in extended trade.
The global health crisis has forced millions of Americans to stay indoors, leading to a jump in
online orders for e-commerce companies including eBay, Amazon.com Inc and Walmart Inc's
online business.
"We'll be stronger coming out of the pandemic than we were going in," eBay Chief Executive
Officer Jamie Iannone said in an interview with Reuters.
The company was benefiting from its updated strategy, Iannone said, which includes drawing
shoppers through fashion offerings including sneakers and watches, enabling easier payments
and improving its mobile app.
EBay, a marketplace known for unique or hard-to-find inventory, is not focused on copying
larger e-commerce rivals, he added.
"Our buyers were very active during the holiday season. In the United States, one in 10 online
shoppers bought something on eBay. In Germany, that number was one in seven and in
the UK, it was one in four," Iannone said on a conference call with analysts.
EBay also projected first-quarter revenue in the range of US$2.94 billion to US$2.99 billion,
above estimates of US$2.53 billion, according to IBES data from Refinitiv.
You can follow this news here. : เกมยิงปลา สุดมันส์ เล่นสนุกจบในเว็บเดียว