EBay attracts more shoppers, earnings beat expectations

EBay Inc reported better-than-expected quarterly earnings on Tuesday and raised its full-year revenue forecast as a revamped shopping platform attracted more buyers, mitigating growth concerns following its spinoff of PayPal Holdings Inc. The e-commerce company has been executing its plan to offer a bigger selection of products, new brands and more small business sellers on its platform, along with getting sellers to offer detailed product data and reviews, Chief Executive Devin Wenig said on a