REUTERS: EBay Inc beat analysts' quarterly revenue estimates and forecast second-quarter sales largely above expectations on Tuesday, as the company's multi-year effort to make its ecommerce platforms more user friendly attracts more customers.
The company has been working to make its platform simpler to use, introducing grouped listings, personal recommendations and a friendlier payment process. EBay forecast second-quarter adjusted profit of 61 cents to 63 cents per share and revenue of US$2.64 billion to US$2.69 billion.Analysts on average were expecting a profit of 60 cents per share and revenue of US$2.65 billion, according to IBES data from Refinitiv.
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