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eBay’s revenues increased 14% year-over-year to $2.70 billion, missing the Street’s $3 billion estimate. Its EPS came in at $0.99, which is 2.1% higher than the $0.97 consensus estimate.
However, the company’s gross merchandise volume fell 7% year-over-year to $22.10 billion, while its income from continuing operations declined 57% from the same period last year to $294 million. While the stock has gained 35.4% year-to-date, it has lost 2.1% over the past month.
