NEW YORK (

TheStreet

) --

eBay

(EBAY) - Get Report

rose 2.5% in pre-market trading Thursday to $29.84, as the e-commerce giant

topped Wall Street's fourth quarter earnings expectations

.

eBay generated $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 rose 5% to $2.5 billion.

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

Nokia

(NOK) - Get Report

was up 0.29% to $10.31, as the handset maker canceled the U.S. release of the X7 smartphone which was slated to launch exclusively this year with

AT&T

(T) - Get Report

.

Nokia decided not to release the phone because it believed it would not receive enough marketing support from AT&T, the

Wall Street Journal

reported, although Nokia plans to launch the X7 in other markets.

Amazon

(AMZN) - Get Report

has

purchased European movie rental and streaming service Lovefilm,

it was announced Thursday. Lovefilm, which has positioned itself as the

Netflix

(NFLX) - Get Report

of Europe, was reportedly acquired for around $312 million. Amazon already owned 42% of the company.

Shares of Amazon fell 0.48% to $185.98.

Facebook

has launched a new mobile application for feature phones, which will work on more than 2,500 devices. The app will give users access to friend updates, photos and synchronization of contacts.

Social gaming company

Kabam

has raised $30 million in its third round of funding, the start-up said Thursday. Kabam makes Facebook games like

Kingdoms of Camelot

and has around 7 million monthly users.

--Written by Olivia Oran in New York.

>To follow the writer on Twitter, go to

http://twitter.com/Ozoran

.

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