EBay Inc reported a rise in quarterly revenue and earnings on Wednesday as more consumers shopped on its online marketplaces and used its PayPal payment service.
EBay said third-quarter revenue rose 15 percent to $3.4 billion, while profit climbed 14 percent to $718 million, or 55 cents a share. The revenue matched Wall Street estimates, while profit beat by a penny.
EBay forecast fourth-quarter revenue of $3.85 billion to $4 billion and profit of 66 cents to 69 cents per share. Wall Street was looking for fourth-quarter earnings of 68 cents a share on revenue of $3.94 billion, according to Thomson Reuters I/B/E/S.
EBay shares slipped 0.8 percent in after-hours trading following the results.
"Not as overpowering a beat as the last couple of quarters, but they do appear on track," said Gil Luria, an analyst at Wedbush Securities.
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