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eBay Shares Surge as Earnings Top Forecast

NEW YORK (TheStreet) — eBay’s second-quarter results handily topped estimates, but most of this upside continues to be driven by PayPal. For the three-month period, the e-commerce company earned 48 cents per share on revenue of $2.76 billion. Analysts were calling for a profit of 46 cents per share on revenue of $2.61 billion. In the second quarter last year, eBay earned 31 cents a share on …

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