eBay thirdquarter sales and profits increase
The auction site eBay has reported a rise in third quarter sales and profits- as more consumers used the website.
Net profit for the three months to the end of September rose 14% from a year earlier, to £445 million ($718 million), eBay said. Net revenues rose 15% to £2.125 billion.
The company has also been looking to take advantage of the increasing number of people who use mobile smartphones to shop and pay for things.
“We had a great third quarter across our company, with Marketplaces and PayPal accelerating customer growth,” chief executive John Donahoe said in a statement.
“Mobile continues to be a game changer for us, and we continue to be a clear leader in mobile commerce and payments.”
The group forecast sales of between £2.46 billion and £2.5 billion in the fourth quarter.
Whilst the results were impressive, EBay shares fell nearly 1% in extended trading in New York after its results came out as analyists had been hoping for even better results.
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