The following is an excerpt from CNBC.com | October 17, 2012 |
EBay reported quarterly earnings that edged past forecasts and its outlook was in-line with expectations.
After the earnings announcement, shares of the online auctioneer [EBAY 48.20 -0.04 (-0.08%) ] fell in trading after the closing bell. (Click here to get the latest quotes for eBay.)
The company posted third-quarter earnings excluding items of 55 cents per share, up from 48 cents a share in the year-earlier period.
Revenue increased to $3.40 billion from $2.97 billion a year ago.
Analysts had expected the company to report earnings excluding items of 54 cents a share on $3.41 billion in revenue, according to a consensus estimate from Thomson Reuters.
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