(Reuters) -E-commerce firm eBay forecast profit for the crucial holiday quarter below Wall Street estimates amid ongoing macroeconomic uncertainty, sending its shares down 6% after the bell on Wednesday.
Discretionary spending remains subdued in the face of high interest rates and sticky inflation.
Tariffs and changes to certain customs requirements in the U.S. have also created significant uncertainty for small businesses, while concerns over escalating prices for imported goods have weighed on consumer confidence.
EBay forecast adjusted earnings between $1.31 and $1.36 per share for the fourth quarter, below analysts’ average estimate of $1.39 per share, according to data compiled by LSEG.
It, however, sees revenue in the range of $2.83 billion to $2.89 billion for the quarter, above the estimate of $2.79 billion.
The company expects fiscal 2025 revenue to be between $10.97 billion and $11.03 billion, compared with analysts’ average estimate of $10.85 billion.
(Reporting by Juby Babu in Mexico City; Editing by Shilpi Majumdar)
