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EBay's fourth-quarter revenue rose 18 percent

EBay

EBay Inc reported holiday quarter results that just beat Wall Street expectations, but the e-commerce company also gave a cautious forecast for 2013. EBay shares climbed 1.7 percent to $53.80 in after-hours trading following the announcement. Expectations were high ahead of the results because sales data from outside sources suggested strong sales growth from eBay's online marketplace and a solid increase in transactions processed by the company's PayPal payments business.

 

EBay's Profit Soars with Skype Sale

EBay's profit nearly quadrupled on strength in PayPal and the core marketplace business as well as a $1.4 billion gain from the selling a majority stake in Skype.

 

As Auctions Slow, eBay Targets PayPal

EBay CEO Donahoe pledged to accelerate changes in its slowing online auction business and tap the "enormous potential" for growth in its PayPal business.

 

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