Ron Burgundy Posted April 22, 2015 Share Posted April 22, 2015 E-commerce company eBay Inc reported a higher-than-expected quarterly profit as revenue surged from its payments business that includes PayPal, which the company said would be spun off in the third quarter. Revenue from eBay's payments business rose 14 percent to $2.11 billion in the first quarter, accounting for nearly half of its total revenue. EBay's shares rose 5 percent in extended trading on Wednesday. "The upside all came from PayPal," Benchmark Co analyst Daniel Kurnos said. View the full article Quote Link to comment Share on other sites More sharing options...
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