Pursuits
EBay Sales Beat Estimates as Donahoe Pushes Mobile Sales
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EBay Inc., operator of the world’s largest online marketplace, surged to an eight-year high after fourth-quarter revenue topped analysts’ estimates, helped by record holiday sales on the Web and mobile devices.
EBay rose 2.6 percent to $54.28 at 9:47 a.m. in New York, and earlier touched $54.89 for the highest intraday price since January 2005. Sales climbed 18 percent to $3.99 billion, the company said yesterday in a statement. That exceeded the $3.98 billion average analysts’ estimate compiled by Bloomberg.