Deutsche Banc Alex Brown Raises Estimates for eBay

Analyst says the online auction service continues to execute well despite a tough economy

Shares of eBay Inc. (EBAY ) closed solidly higher after the online auction service reported a fourth quarter earnings per share of $0.09 compared to $0.02 a year ago. Deutsche Banc Alex Brown subsequently raised its estimates and reiterated its buy rating on the stock.

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