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eBay reports strong quarter

  eBay has reported better than expected earnings for the third quarter, but cut its sales forecast for the year. Shares dropped 3 per cent after hours. The company’s PayPal business had another strong quarter. Revenue grew 20 per cent to $US1.95 billion ($A2.11 billion) and mobile payment volume jumped 72 per cent to $US12 billion. PayPal remains on track to process a billion mobile transactions this year. Earlier this month eBay said it would split off the payment processor, its fas

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