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eBay Gets $1B Quarter From PayPal

NEW YORK (TheStreet) — eBay’s second-quarter results handily topped estimates, but most of the upside continues to be driven by PayPal. **For the three-month period, profit actually declined to $283.4 million, or 22 cents per share, but most of this drop was attributed to costs related to eBay’s acquisituion of GSI Commerce. Excluding these charges, eBay actually earned $630.9 million, or 48 …

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