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eBay Flexes Solid Core
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Shares of eBay(EBAY Quote) continued to rally sharply Thursday after the company beat Wall Street expectations for its fourth-quarter results and showed that growth in its core business was reaccelerating.
The stock was recently up $2.40, or 8%, to $32.40.
Late Wednesday, the company reported earnings before items of 31 cents a share on revenue of $1.7 billion; analysts surveyed by Thomson Financial forecast earnings of 28 cents a share on revenue of $1.67 billion. ...
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