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eBay Share Price Boosts From Sales Jump -- Finspreads

Jan 17 2013 12:00AM

Marketwire

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LONDON -- (Marketwire) -- 01/17/13 -- Finspreads -- The Christmas period proved to be a successful one for eBay, as the internet marketplace's share price jumped before the end of trading yesterday (January 16th) on the New York Stock Exchange.

Source: eBay share price boosts from sales jump

In the last three months of the year, the company saw strong demand, with sales rising by 18 per cent to $3.9 billion (£2.5 billion) compared to the previous quarter.

On Cyber Monday (November 26th), which is historically seen as the beginning of the festive shopping season, transactions on eBay's mobile applications doubled year-on-year, while PayPal payments nearly tripled.

The firm claims the growing popularity for making purchases via smartphones helped boost activity, while PayPal payments generated the greatest growth totaling $1.5 billion in revenue.

At close of play on the technology-heavy Nasdaq last night, eBay shares rose by 0.7 per cent to $52.90 per unit, while the index itself rose by 0.2 per cent -- or 6.7 points -- finishing on 3117.5 points.

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Source: Marketwire