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Reuters
EBay beats third-quarter revenue estimates, shares rise
Ebay has expanded the categories on its platform to offer pre-owned sneakers and jewelry, as it looks to tap rising demand for high-value collectibles such as electronics. Industry bellwether Amazon.com Inc had also forecast a dour holiday season as this year’s surge in prices of food, gas and other essentials forced cash-strapped consumers to put casual shopping on the back burner. Ebay forecast fourth-quarter revenue between $2.42 billion and $2.50 billion, with the midpoint coming in below analysts’ estimates of $2.49 billion, according to Refinitiv data.
