Ebay beats forecasts before PayPal spin-off
by Chris Johnston from Technology | The Guardian on (#EHBT)
Revenues rise by 7% in last quarter as online auction site prepares to separate from e-payments processer
Online auction site eBay has beaten analysts' expectations in its last set of results before spinning off its PayPal payments division.
Net revenue rose 7% to $4.4bn (2.8bn) for the three months to 30 June, while adjusted profits were 5% higher at $931m. That figure excludes a $786m charge related to the sale of eBay's Enterprise unit for $925m, which was also announced on Thursday.
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