Reuters: Technology News: EBay profit rises but outlook disappoints

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EBay profit rises but outlook disappoints Oct 16th 2013, 20:32 Tweet Share this Email Print Reprints An Ebay logo is displayed on a monitor in this photo illustration in Encinitas, California, April 16, 2013. Credit: Reuters/Mike Blake Wed Oct 16, 2013 4:32pm EDT (Reuters) - EBay Inc reported a higher third-quarter profit on Wednesday as more transactions were paid for with its PayPal service, but the e-commerce company gave a disappointing sales forecast for the holiday season. EBay expects revenue of between $4.5 billion and $4.6 billion for the quarter ending December 31, compared with the $4.64 billion estimated by analysts, according to Thomson Reuters I/B/E/S. Net income for the third quarter was $689 million, or 53 cents a share, up from $597 million, or 45 cents a share, a year earlier. Revenue rose 14.3 percent to $3.89 billion. (Reporting by Phil Wahba in New York) 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.

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