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Thursday, 18 October 2012 - EBay reports 15 percent increase in quarterly revenue |
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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) Tech 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. 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