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EBay Beats Estimates, Rallies With Top End of Profit Forecast

EBay reported robust 3rd-quarter earnings, evidence that the online marketplace’s shift to luxury items and refurbished goods could help temper declining sales. EBay Inc. reported robust third-quarter earnings, evidence that the online marketplace's shift to luxury items and refurbished goods could help temper declining sales.The shares rose as much as 10% in extended trading. EBay revenue decreased 5% to $2.4 billion in the period ended Sept. 30. Analysts, on average, estimated $2.32 billion. Earnings, excluding some