(Reuters) – Ecommerce firm eBay forecast second-quarter revenue below Wall Street estimates on Wednesday, as demand cools for product categories like collector’s items and auto parts.
The company expects revenue in the range of $2.49 billion to $2.54 billion for the quarter ending June. Analysts on average were expecting $2.56 billion, according to LSEG data.
Shares of eBay fell 4% in extended trading.
Revenue in the most recent March quarter rose 2% to $2.56 billion, slightly above analysts’ estimate of $2.53 billion.
(Reporting by Yuvraj Malik in Bengaluru; Editing by Tasim Zahid)
Disclaimer: This report is auto generated from the Reuters news service. ThePrint holds no responsibilty for its content.