CEO John Donahoe: Results Show eBay and PayPal are Better as One

Shares of eBay are slipping on Wednesday after the online marketplace reported a weaker-than-expected profit outlook for the second quarter. eBay still managed to report first-quarter profit that beat Wall Street expectations and revenue that climbed 14% from last year. The company's earnings were boosted by its PayPal unit, where results affirmed that eBay and PayPal are better together, according to CEO John Donahoe. Activist investor Carl Icahn had been pushing for PayPal to be spun off.