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eBay Up 15% on Beating Street; Goldman Sachs Raises Estimates

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eBay

(EBAY) - Get Report

was up 14.5% in preopen

Island

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trading. After Thursday's close, the Internet auction site posted third-quarter earnings of 7 cents per share vs. the Street expectation of 4 cents and the year-ago 1 cent.

Goldman Sachs

raised its 2000 earnings estimate to 21 cents from 19 cents and its 2001 estimate to 36 cents from 35 cents.