Business

Market Movers

PayPal unit drives eBay higher

An eBay representative talked with potential customers in Cambridge during a recent visit by its Instant Sales truck.

Bizuayehu Tesfaye/AP Images for eBay Instant Sale

An eBay representative talked with potential customers in Cambridge during a recent visit by its Instant Sales truck.

Advertisement

EBay said third-quarter net income rose 22 percent thanks to higher revenue at its PayPal payments service and at the marketplaces business. The results were roughly within expectations. Chief executive John Donahoe sounded an upbeat note about the holiday shopping season as eBay raised slightly its full-year guidance for net income and revenue. The online commerce company said it earned $597 million, or 45 cents per share, in the July-September period. That is up from $491 million, or 37 cents per share, a year earlier. Revenue grew 15 percent to $3.4 billion from $2.97 billion. On average, analysts expected $3.41 billion.

Loading comments...
Real journalists. Real journalism. Subscribe to The Boston Globe today.
You're reading  1 of 5 free articles.
Get UNLIMITED access for only 99¢ per week Subscribe Now >
You're reading1 of 5 free articles.Keep scrolling to see more articles recomended for you Subscribe now
We hope you've enjoyed your 5 free articles.
Continue reading by subscribing to Globe.com for just 99¢.
 Already a member? Log in Home
Subscriber Log In

We hope you've enjoyed your 5 free articles'

Stay informed with unlimited access to Boston’s trusted news source.

  • High-quality journalism from the region’s largest newsroom
  • Convenient access across all of your devices
  • Today’s Headlines daily newsletter
  • Subscriber-only access to exclusive offers, events, contests, eBooks, and more
  • Less than 25¢ a week
Marketing image of BostonGlobe.com
Marketing image of BostonGlobe.com