Revenue came in at $4 billion, an 18% increase year over year, as Marketplaces generated $2 billion in sales. Excluding items, eBay earned 70 cents a share. Analysts surveyed by Thomson Reuters were looking for earnings of 69 cents a share on $3.98 billion in revenue.
PayPal also helped generate strong results for eBay, as the online payments service company saw mobile payments volume rise more than three-fold to $14 billion. Active accounts rose 15% year over year, and the company expects more than $20 billion in 2013.
Intel (INTC) shares were up 1.22% to $22.38 as the chipmaker gets set to report earnings after the close Thursday. Analysts surveyed by Thomson Reuters expect Intel to report earnings of 45 cents a share on $13.53 billion in revenue. --Written by Chris Ciaccia in New York >Contact by Email. Follow @Commodity_Bull
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