Economy Ebay increases share buyback program - news.ORF.at

Ebay increases share buyback program – news.ORF.at

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The online auction house ebay has increased the funds for the share buyback by three billion dollars. This means that the measure is now available for $ 4.5 billion, as the company announced yesterday after the market closed.

The Group also delighted investors with its earnings forecast for the current quarter. The company expects a profit margin of between 72 and 75 cents per share for the three-month period. However, experts expect a result of 72 cents.

EBay management said the outlook reflected the benefits of the buyback program and the sale of the Stubhub ticket trading platform for $ 4.05 billion. For the full year 2020, ebay expects earnings between $ 3 and $ 3.10 per share.

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