Ron Burgundy Posted October 21, 2015 Share Posted October 21, 2015 EBay Inc reported a stronger-than-expected quarterly profit and raised its full-year adjusted profit forecast, helping to allay concerns about the company's prospects following the spinoff of PayPal, its main engine of growth. EBay, whose shares were up 8.5 percent after-hours on Wednesday, faces intensifying competition from rivals such as Amazon.com Inc as well as from retailers such as Wal-Mart Stores Inc that are boosting their online presence. PayPal Holdings Inc, a leader in the fast-growing payment processing market, became a separate company on July 18. View the full article Quote Link to comment Share on other sites More sharing options...
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