EBay reports 15 percent increase in quarterly revenue

RetailReuters

EBay Inc reported a rise in quarterly revenue and earnings on Wednesday as more consumers shopped on its online marketplaces and used its PayPal payment service.

EBay said third-quarter revenue rose 15 percent to $3.4 billion, while profit climbed 14 percent to $718 million, or 55 cents a share.

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EBay shares slipped 3.6 percent in after-hours trading following the results.

(Reporting By Alistair Barr; Editing by M.D. Golan)