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EBay second-quarter revenue beats estimates

Credit: REUTERS/FABRIZIO BENSCH

EBay Inc beat Wall Street estimates for quarterly revenue on Tuesday, as the e-commerce company benefited from a surge in online shopping by people staying indoors due to coronavirus-driven lockdowns.

July 28 (Reuters) - EBay Inc EBAY.O beat Wall Street estimates for quarterly revenue on Tuesday, as the e-commerce company benefited from a surge in online shopping by people staying indoors due to coronavirus-driven lockdowns.

Revenue rose to $2.87 billion from $2.42 billion in the second quarter, beating analysts' estimate of about $2.8 billion, according to IBES data from Refinitiv.

(Reporting by Akanksha Rana in Bengaluru; Editing by Shailesh Kuber)

((akanksha.rana@thomsonreuters.com; ; Twitter: @AkankshaRanaa;))

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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