EBay Rises as Third-Quarter Results Point to Turnaround
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EBay Inc., the world’s largest online marketplace, rose the most in three months after third-quarter results fueled optimism that the company’s turnaround is gathering steam.
Third-quarter revenue climbed 15 percent to $3.4 billion, the company said yesterday in a statement. That was in line with the $3.41 billion average analyst estimate compiled by Bloomberg. Profit excluding some items was 55 cents a share, also matching analysts’ predictions.