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JAN 16, 2013 - Yahoo! News

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EBay tops holiday quarter forecasts on mobile boom

SAN FRANCISCO (Reuters) - EBay Inc reported holiday quarter results that beat Wall Street expectations as the e-commerce company benefited from a boom in mobile shoppers, but it gave a 2013 forecast in line with analyst estimates, restraining share price gains. The stock rose 1 percent to $53.43 in after-hours trading following the announcement. Expectations were high ahead of the results because sales data from outside sources suggested strong sales growth from eBay's online marketplace and a solid increase in transactions processed by the company's PayPal payments business. ...

Tags: EBay tops holiday quarter forecasts on mobile boom,  Paypal Latest News