Reported 2 months ago
EBay Inc. has released quarterly results which surpassed analysts' expectations, showing that its emphasis on niche markets is aiding its competition against giants like Amazon and Walmart. For the quarter ending in June, eBay's revenue rose 1% to $2.57 billion, with adjusted earnings per share of $1.18, beating the anticipated $2.53 billion in sales and $1.13 per share earnings. Despite rising competition, the company plans to continue focusing on specialized categories to maintain its market position.
Source: YAHOO