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EBay profit up as PayPal separation looms
Add BT as a preferred sourcePublished Thu, Apr 23, 2015 · 09:50 PM
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New York
EBay is speeding towards a split of its online marketplace and payments businesses. For some analysts and investors, it cannot come soon enough.
EBay on Wednesday reported earnings of US$626 million for the quarter that ended March 31, swinging back to profitability after a US$2.32 billion loss in the same period a year ago that included a hefty one-time tax charge. Excluding the charge, the company's income grew 4.8 per cent from last year. Revenue rose 4 per cent, to US$4.45 billion, surpassing estimates of US$4.42 billion.
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