EBay Inc"s EBAY.O quarterly profit topped Wall Street expectations on Wednesday and the e-commerce company forecast fourth-quarter sales above estimates, as people staying at home due to the COVID-19 pandemic took to online shopping. EBay said it expects fourth-quarter revenue in the range of $2.64 billion to $2.71 billion, while analysts estimate $2.54 billion, according to IBES data from Refinitiv. E-commerce firms and retailers with a strong online presence have witnessed a spike in demand as the COVID-19 pandemic has led more people to shop online. The company raised its full-year sales outlook to between $10.04 billion and $10.11 billion. The forecast excludes the classifieds business, which eBay in July agreed to sell to Norway"s Adevinta ADEV.OL in a $9.2 billion deal. EBay, which has made its platform simpler to use through grouped listings and personal recommendations, said active buyers grew 5% to 183 million in the third quarter. Net income from continuing operations rose to $621 million, or 88 cents per share, for the third quarter ended Sept. 30, from $210 million, or 25 cents per share, a year earlier. Excluding items, eBay earned 85 cents per share, above estimates of 77 cents per share. Revenue rose about 25% to $2.61 billion, beating analysts’ average estimate of $2.48 billion. However, the company missed its prior revenue forecast of $2.64 billion to $2.71 billion. Shares of the company fell nearly 2% at $52.24 in extended trade.