Updated from Wednesday, Jan. 20
SAN FRANCISCO (
is spiking a day after it reported better-than-expected fourth-quarter earnings, boosted by the sale of its Skype business and growth in PayPal.
During the quarter, the company earned $1.36 billion, or $1.02 a share, compared with $367 million, or 29 cents, in the year-ago period.
Excluding one-time items, eBay actually earned 44 cents a share, easily topping analysts' estimates of 40 cents.
The sale of its Skype business in contributed $1.4 billion to results. eBay sold its 70% stake in Skype in November for $1.9 billion.
Revenue climbed 16.5% to $2.37 billion from $2.03 billion last year. PayPal saw a 28% surge to $795.6 million.
At its biggest segment, which includes eBay.com, Shopping.com and other e-commerce sites, revenue rose 15% to $1.46 billion. eBay also saw active registered users increase 3% to 90.1 million.
Looking ahead, the e-retailer expects full-year 2010 earnings in the range of $1.63 to $1.68 a share. For the first quarter, eBay is predicting earnings of between 39 cents and 41 cents a share, ahead of analysts' consensus of 39 cents.
Shares of eBay are surging 9.3% in pre-market trading to $24.29, after rallying more than 8% in after-hours trading on Wednesday.
is set to report its fourth-quarter earnings on Jan. 28.
-- Reported by Jeanine Poggi in New York.
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