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PayPal, eBay Q4 earnings validate pressure to split the companies

PayPal's revenue beats analysts' forecasts; eBay's sales stall as shoppers go elsewhere during holiday season

Published Thu, Jan 28, 2016 · 09:50 PM
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Seattle

PAYPAL Holdings Inc wooed investors by increasing its customer base and transaction volume, while former parent company eBay Inc disappointed with declining sales on its core online marketplace.

The divergent earnings results reported on Wednesday validated activist investor Carl Icahn's push to split the companies and unlock the growth potential of PayPal, which he called the "jewel" of the business.

PayPal's fourth-quarter revenue beat analysts' forecasts as the company added merchants, attracted new customers and processed more online payme…

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