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Ebay: profits +22% in the third quarter, Paypal continues to grow

In line with analyst forecasts, earnings grew 22% to $597 million, and turnover rose 15% to $3,4 billion – Estimates for the whole of 2012 revised upwards – Continued the growth of Paypal, 1,37 billion in revenues.

Ebay: profits +22% in the third quarter, Paypal continues to grow

For Ebay, the third quarter ended positively, in line with analysts' expectations. The e-commerce giant has registered 15% revenue increase to $3,4 billion and 22% net income growth, to $597 million versus $491 million in the same period a year earlier.

The company's expectations for the last quarter, on the other hand, are slightly below the consensus, which settles on earnings per share at 68 cents and revenues between 3,85 and 4 billion dollars, against Ebay's forecast of a profit included in the range of 66-69 cents per share. The forecast for the full year 2012, however, has been revised upwards from the previous estimate, with profits in the range of $2,32 to $2,35 per share.

The growth of the largest online auction site is closely linked to that of the subsidiary Paypal, whose revenues grew by 23%, thus reaching 1,37 billion dollars, thanks to the strong increase in the number of active digital accounts, which grew from 103 million in the third quarter of 2011 to the current 117,4 million. 

 

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