EBay's focus on luxury to refurbished goods drives results beat
Source: Reuters
Nov 2 (Reuters) - EBay Inc's (EBAY.O) 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."As consumers in our…
