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.