EBay says quarterly profit jumps

January 18, 2012 4:42 PM EST

(Reuters) -- EBay Inc's fourth-quarter profit jumped as the e-commerce company saw solid growth in its online marketplaces and an increase in transactions processed through its PayPal electronic payments business.

Share This Story

The operator of the world's largest online marketplace reported fourth-quarter net income of $2 billion, or $1.51 a share, compared with $559 million, or 42 cents a share, a year earlier. Revenue rose 35 percent to $3.38 billion.

(Reporting By Alistair Barr; editing by Andre Grenon)

Copyright 2012 Thomson Reuters. All rights reserved.
Sponsor Link:
Join the Conversation
IBTimes TV

73 yr Old Becomes Oldest Woman to Climb Mount Everest

Global Prenuers

Global Markets
Existing Home Sales Jump, World Banks Lowers China Forecast, Euro Prepares for Greek Exit