eBay Orders Surge During Pandemic; Raises Outlook for Second Quarter
eBay (NASDAQ: EBAY) is seeing strong demand during the COVID-19 pandemic, so much so that it has raised its revenue and EPS outlook for the second quarter.
In a press release, the e-commerce company said it added about six million buyers in April and May and that its business is performing "significantly" better than the company anticipated when it reported first-quarter results on April 29. With people stuck at home under shelter-in-place orders, they have turned to e-commerce to get their goods.
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Source Fool.com
