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10/28, 9:13 PM (Source: TeleTrader)
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eBay net revenues jump 25% YoY to $2.6B in Q3

eBay Inc. announced on Wednesday that its net revenues soared 25% year-on-year to $2.6 billion in the third fiscal quarter of 2020.

Earnings per diluted share from continuing operations stood at $0.88 in the third trimester, representing a 250% surge on a yearly basis, while net income amounted to $621 million in the third three month period, skyrocketing 196% year over year.

"On an apples to apples basis, we delivered results that exceeded expectations on both the top and bottom lines. Our third quarter performance reflects the strength of our newly focused strategy coupled with the enormous untapped potential of our marketplace," CEO Jamie Iannone noted in a statement.

The company's stock was down 5.73% in after-hours trading after the report was published.

Breaking the News / MS