EBay forecasts first-quarter revenue above estimates

Feb 18 (Reuters) - EBay Inc forecast first-quarter revenue ‌above Wall Street estimates ‌on Wednesday, signaling that its ​focus on specialty categories like luxury goods and auto parts is helping it ‌navigate a ⁠challenging e-commerce market.

Shares of the San Jose, ⁠California-based company rose 3.5% in extended trading, ​after gaining over ​40% ​last year.

The ‌company expects first-quarter revenue in the range of $3 billion to $3.05 billion, compared with analysts' average estimate of $2.80 ‌billion, according to ​data compiled by ​LSEG.

The ​e-commerce company separately ‌said it would ​buy consumer-to-consumer ​fashion marketplace Depop from Etsy for nearly $1.2 billion in ​cash.

(Reporting ‌by Juby Babu in ​Mexico City; Editing by ​Maju Samuel)