Tags: EBay | revenue | internet | auction

EBay Reports 15% Revenue Increase, Matching Views

Wednesday, 17 Oct 2012 04:38 PM

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.

© 2017 Thomson/Reuters. All rights reserved.

   
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EBay reported a rise in quarterly revenue and earnings on Wednesday as more consumers shopped on its online marketplaces and used its PayPal payment service.
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Wednesday, 17 Oct 2012 04:38 PM
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