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eBay Rises 7% Overnight on Earnings

eBay Rises 7% Overnight on Earnings

The online auction business eBay rose over 7% in after-hours trading on Wednesday after a better than expected earnings report. Profit for the third quarter rose 23% compared to a year ago. The main earnings driver for the company was its online transaction processor PayPal. Current quarter estimates were also increased by the online auction operator which made investors snap up shares quickly.

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