EBay Jumps Most in 10 Years as Post-PayPal Era Starts Strong

Updated on
  • Company sends cash to shareholders with $599 million purchase
  • Third-quarter results are in line with analyst estimates

EBay Inc. reported third-quarter profit and sales that topped analysts’ estimates, raised its outlook for the year and bought back $599 million of its own stock, showing investors that the online marketplace is on solid ground after its recent split with PayPal. Its shares rose the most in 10 years.

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