(eBay article updated with additional information for earnings and stock movement.)

NEW YORK ( TheStreet) -- eBay's ( EBAY) fourth-quarter earnings topped Wall Street's expectations as online shopping buoyed the holiday season.

During the quarter the e-commerce company earned $559 million, or 42 cents a share, compared with $1.36 billion, or 1.02 a share in the year-ago period. Excluding costs related to the sale of its Skype business, eBay actually earned 52 cents a share.

Revenue climbed 5% to $2.5 billion.

Analysts were calling for a profit of 47 cents a share on revenue of $2.48 billion.

This marks the 18th consecutive quarter eBay surpassed EPS estimates.

Shares are up more than 3% in after hours trading.

eBay has been working to revamp its marketplace site to woo buyers and sellers with a redesigned homepage and cutting upfront fees.

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