FILE PHOTO: The eBay logo is pictured on a phone screen in this photo illustration in New York, U.S., July 23, 2019. REUTERS/Brendan McDermid/Illustration
(Reuters) -EBay Inc's quarterly results beat Wall Street targets on Wednesday as inflation-wary shoppers snapped up refurbished goods and the ecommerce platform reaped the benefits of expanding its luxury offerings.
The company still forecast holiday-quarter revenue slightly below estimates, but investors looked past that to drive up its shares nearly 8% in extended trading.
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