EBay forecasts fourth-quarter revenue below estimates

By Reuters • Updated: 09/12/2019

FILE PHOTO: The German headquarters of online marketplace eBay is pictured at Europarc Dreilinden business park south of Berlin in Kleinmachnow, Germany, August 6, 2019. REUTERS/Fabrizio Bensch - Copyright FABRIZIO BENSCH(Reuters)

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(Reuters) – EBay Inc <EBAY.O> on Wednesday forecast current-quarter revenue below estimates, as it faces intense competition from Amazon.com <AMZN.O> and Walmart Inc <WMT.N>.

The e-commerce company said it expects fourth-quarter revenue in the range of $2.77 billion (£2.15 billion) to $2.82 billion, while analysts on average were expecting $2.85 billion, according to IBES data from Refinitiv.

(Reporting by Amal S in Bengaluru; Editing by Maju Samuel)

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