EBay raises share buyback plan, forecasts strong first-quarter profit

EBay expects to post first-quarter adjusted profit of between 72 cents and 75 cents, while analysts are expecting 72 cents, according to Refinitiv data. The outlook reflects the benefit of share buybacks and investment timing, offset by the impact of the StubHub sale, the company said. In November 2019, the company agreed to sell StubHub to Viagogo Ltd for $4.05 billion nearly a year after the ecommerce major came under pressure from activist investors to hive off some of its businesses.