StubHub Swings to Profit as It Sees Higher Gross Merchandise Sales
StubHub reported third-quarter net income of $33.6 million, or 5 cents a share, versus a year-earlier loss of $1.29 billion, or $4.27 a share. The company expects higher gross merchandise sales for the year.
By Katherine HamiltonStubhub swung to a profit in the third quarter as the company expects higher gross merchandise sales for the year.The ticket company posted a net income of $33.6 million, or 5 cents a share, compared with a loss of $1.29 billion, or $4.27 a share, a year earlier. Analysts expec…