Reuters: Technology News: EBay reports 15 percent increase in quarterly revenue

Reuters: Technology News Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. // via fulltextrssfeed.com

EBay reports 15 percent increase in quarterly revenue Oct 17th 2012, 20:33 Tweet Share this Email Print Related News Intel's outlook fails to inspire hopes for PC recovery Tue, Oct 16 2012 Exclusive: EBay tests deals on services, takes on Groupon Wed, Oct 10 2012 Groupon eyes restaurants with nationwide POS offering Wed, Oct 10 2012 1 of 2. Visitors chat next to the Ebay logo at the CeBIT computer fair in Hanover March 2, 2011. Credit: Reuters/Tobias Schwarz By Alistair Barr SAN FRANCISCO | Wed Oct 17, 2012 4:33pm EDT SAN FRANCISCO (Reuters) - 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. (Reporting By Alistair Barr; Editing by M.D. Golan) Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above.

You are receiving this email because you subscribed to this feed at blogtrottr.com. If you no longer wish to receive these emails, you can unsubscribe from this feed, or manage all your subscriptions