Reuters: Global Markets: EBay reports increase in quarterly sales, profit

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EBay reports increase in quarterly sales, profit Apr 18th 2012, 20:26 By Alistair Barr SAN FRANCISCO | Wed Apr 18, 2012 4:26pm EDT SAN FRANCISCO (Reuters) - EBay Inc (EBAY.O) reported an increase in quarterly sales and profit on Wednesday, driven by growth in the e-commerce company's Marketplace and PayPal businesses. EBay said first-quarter profit was $725 million, or 55 cents per share, compared with $619 million, or 47 cents per share, a year earlier. Revenue was $3.3 billion, up 29 percent from the same period in 2011. EBay shares rose 3.2 percent to $37 in after-hours trading.

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