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Ebay announced that the net income increased to $676 million, or 53 cents per share, from $640 million, or 49 cents per share, in the same quarter a year ago.

Earnings, which were adjusted for one-time gains and costs, came to 69 cents per share. According to the survey conducted by Zacks Investment Research, the average per share was estimated for profit of 68 cents and analysts expected $4.4 billion.

CEO John Donahoe spoke about a difficult quarter, but he noted that the company had still a strong growth rate thanks to revenues from the online payment service PayPal.

Original Source: Proto Thema

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