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Revenue will be $2.69 billion to $2.74 billion in the period ending in September, the company said Wednesday in a statement. Profit, excluding some items, will be $1.29 to $1.34 a share. Analysts, on average, estimated sales of $2.65 billion and per-share earnings of $1.31, according to data compiled by Bloomberg.
Investors have been seeking clues about how consumers are reacting to President Donald Trump's trade war, which is expected to fuel inflation. EBay has seen the sale of used and refurbished goods grow faster than other categories with shoppers eager to save money.
Purchasing power from US consumers grew through various product categories, helping offset softer demand in European markets, including the UK and Germany, Chief Executive Officer Jamie Iannone said in an interview. Chinese sellers affected by the US closing the de minimis tariff loophole, which exempts low-value shipments from import duties, successfully pivoted to other markets in Europe, he said.
'We're not immune to tariffs, but our platform is more resilient,' he said.
The shares rose 13% in premarket trading on Thursday after closing at $77.56 in New York. The stock has increased 25% this year, compared with a 8.2% gain in the S&P 500.
Second-quarter profit, excluding some items, was $1.37 a share. Revenue increased 6% to $2.73 billion. Analysts, on average, estimated $1.30 per share on sales of $2.64 billion.
Gross merchandise volume, the value of all goods sold on eBay, rose 6% to $19.5 billion during the second quarter, topping the average estimate of $18.9 billion. The company said it had 134 million active buyers as of June 30, in line with estimates.
(Updates with premarket shares.)
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