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The Economic Times
The Economic Times

EBay forecasts upbeat quarterly revenue as high-value categories drive momentum

EBay forecast third-quarter revenue above Wall Street estimates on Wednesday, ​leaning on its push into ​authenticated luxury goods, collectibles and refurbished products to bring more ​high-value buyers to its online marketplace.

The results are the first since the company rebuffed GameStop's about $56 billion unsolicited bid as "neither credible nor attractive". GameStop CEO Ryan Cohen has, however, said he plans ‌to continue ⁠pursuing a ⁠combination.

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