Profit at EBay Up Sharply, Stock Rises
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EBay Inc., the world's largest  online marketplace, on Wednesday posted a 77 percent increase  in quarterly profit, fueled by strong back-to-school shopping  and growth in its international and PayPal businesses.
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E*Trade Financial Corp. , an online bank and brokerage, on Monday said its third-quarter profit rose as lower expenses offset a drop in net revenue.
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Electronic broker-dealer posts a profit and beats the Street.
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The online retailer announced Tuesday that its second-quarter net income increased more than threefold, with revenue up 35 percent.
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Stocks rose on Wednesday, driving the Dow Jones industrial average to a record high, after a strong profit and outlook from Cisco Systems Inc.  boosted optimism about corporate profits.
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The retailer reports strong earnings and lifts its outlook.
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Google Inc. GOOG.O stock jumped more  than 12 percent on Wednesday to new highs, pushing the Web  search leader past eBay Inc. EBAY.O as the biggest Internet  company in terms of stock market value, after trouncing  quarterly earnings forecasts.
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Web auction leader eBay Inc.   on Wednesday reported a 14 percent drop in  second-quarter profit that met expectations, but its stock rose  6 percent as it announced its first-ever share buyback.
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Ask Jeeves Inc.  posted a higher third-quarter profit as Web-search advertising continued to fuel revenue growth.
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The company said it earned $52 million in the fourth quarter on strong U.S. and international sales. Its shares climbed more than 7 percent in morning trading.
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Electronic Data Systems Corp. reported a  higher quarterly profit on Wednesday, boosted by a surge in new  orders for its technology services.
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Nasdaq Stock Market Inc. , which runs the largest U.S. electronic stock exchange, said on Thursday that its quarterly profit more than tripled on higher revenues and the strength of new products and customer service initiatives, beating analysts' estimates.
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EBay Inc., EBAY.O the world's  largest online marketplace, on Wednesday posted a quarterly  profit that rose 77 percent from a year ago, fueled by growth  in its international and PayPal businesses.
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E-Trade Financial Corp.'s third-quarter profit rose 29 percent, despite a sharp drop in investor trading at its online brokerage and signs of weakness in its banking business. The company also raised its fourth quarter outlook a bit.
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U.S. stocks were slightly higher on  Tuesday as technology shares were helped by a jump in Internet  stocks, including Web auctioneer eBay Inc. EBAY.O, but higher  oil prices weighed on market sentiment.
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Internet auction firm eBay (nasdaq: EBAY - news - people ) reported third-quarter earnings a penny above Wall Street estimates. The company said third-quarter earnings came in at 28 cents per diluted share
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AT&T Inc  on Thursday posted a higher quarterly profit after better-than-expected wireless growth, sending its shares up almost 3 percent in pre-market trading.