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Filing in Focus: eBay 8-K, October 16, 2013
eBay Inc. (EBAY) announced its third quarter fiscal 2013 financial results, reporting strong revenue and earnings performance. Revenue increased 14% to $3.9B while its enabled commerce volume grew 21% to $52B. Earnings were up 17% from $718M and $0.55 per share this quarter last year to $837M and $0.64 earnings per share. eBay’s gross margins improved from 26.3% to 26.8%. Mobile-enabled commerce volume increased 75%, with the company’s offering of mobile apps driving growth in its mobile market. President and CEO John Donahoe remarked that the company performed well with its mobile business spearheading its growth. The company is proud that despite poor global economic conditions the company enabled $200B in commerce volume.