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PayPal helps eBay revenue jump 13 pct despite worsening competition

EBay Inc posted a 13 percent rise in quarterly revenue, as better-than-expected results from its fast-growing PayPal division helped to overcome increasing competition from Amazon.com Inc and a well-publicized cyber-attack that exposed customers' data. Ebay's stock has fallen more than 8 percent since April, hurt by a cyber-attack disclosed in …

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EBay revenue jumps 13 percent despite worsening competition

EBay Inc posted a 13 percent rise in quarterly revenue on Wednesday, as it fended off increasing competition from arch-foe Amazon.com Inc and a growing number of smaller niche retail websites. The company reported second-quarter revenue of $4.37 billion, versus $3.88 billion a year ago and the $4.38 billion that …

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