Sales forecasted by eBay top estimates
Third-quarter revenue will be $2.85 billion (€2bn) to $2.95bn, the company said last night. Excluding some costs, profit will be 46 cents to 47 cents a share. Analysts had projected revenue of $2.71bn billion and earnings of 48 cents, according to data compiled by Bloomberg.
Chief executive John Donahoe, leading a turnaround of the e-commerce company, has made at least nine acquisitions in the past year to expand into new businesses. eBay is adding to its stable of mobile-payment services with the $240 million purchase of Zong Inc, a deal announced this month. It’s also building relationships with big retailers through its March acquisition of GSI Commerce Inc. for $2.4bn.
