(eBay article updated to correct mistake in original article. The original article transposed the unadjusted and adjusted EPS figures. New version corrects that mistake.)
NEW YORK (
) -- After preannouncing that earnings would come in at the high-end of its forecast,
blew past estimates.
During the quarter, the Internet retailer earned $432 million, or 33 cents a share, compared with $350 million, or 27 cents, in the year-ago period.
Excluding one-time items, eBay actually earned 40 cents a share, three cents more than Wall Street's forecast. eBay originally said it expected earnings in the range of 35 cents to 37 cents per share.
Revenue reached $2.25 billion, also ahead of estimates of $2.18 billion.
The majority of this growth came from PayPal, which saw revenue surge 22% to $838 million.
Looking ahead, eBay expects fourth-quarter revenue between $2.39 billion and $2.49 billion. It's calling for non-GAAP profit in the range of 45 cents to 48 cents a share.
Shares of eBay are surging 6.4% to $27.33.
-- Written by Jeanine Poggi in New York.
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