(Reuters) - Ecommerce firm eBay forecast second-quarter revenue below Wall Street estimates on Wednesday, as demand cools for product categories like collector's items and auto parts.
The company expects revenue in the range of $2.49 billion to $2.54 billion for the quarter ending June. Analysts on average were expecting $2.56 billion, according to LSEG data.
(Reporting by Yuvraj Malik in Bengaluru; Editing by Tasim Zahid)
By Granth Vanaik and Waylon Cunningham
(Reuters) - DoorDash projected second-quarter core profit below expectations on Wednesday despite beating first-quarter revenue estimates, indicating that higher costs were offseting some of its gains from rising groceries and food orders.
Shares of the company were down 12% in extended trading.
The online delivery firm has been forced to increase minimum pay for its delivery workers... (continue reading...)
By Stephen Nellis and Arsheeya Bajwa
(Reuters) - Qualcomm on Wednesday forecast fiscal third-quarter sales and adjusted profit above Wall Street expectations, driven by a faster-than-expected recovery in smartphone markets thanks to artificial-intelligence features.
Qualcomm forecast third-quarter sales and adjusted profit with midpoints of $9.2 billion and $2.25 per share, beating analyst estimates of $9.05 billion and $2.17 per share,... (continue reading...)
By Doyinsola Oladipo
NEW YORK (Reuters) - Airbnb announced its newest marketing strategy geared towards bringing in new customers by offering unique experiences as it expands beyond its core business of vacation rentals, the company said on Wednesday.
The San Francisco-based company's newest category called "Icons" features 11 global experiences - including concerts and celebrity meet and greets - for free or under $100 to try to attract... (continue reading...)
By Nate Raymond
(Reuters) - A Russian national pleaded guilty on Wednesday to U.S. charges that he lied to the FBI about his participation in an organization that prosecutors said was controlled by sanctioned Russian businessman Konstantin Malofeyev.
Federal prosecutors in Manhattan said Tomas Ianchauskas, a U.S. green card holder who principally resides in Russia, served as the regional leader of the Tsargrad Society, formerly known as... (continue reading...)
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