NEW YORK -- EBay's third-quarter net income grew 22 percent, helped by higher revenue at its PayPal payments service and the marketplaces business that includes eBay.com.
The results were roughly within expectations, with revenue a little light and earnings a tad higher than what Wall Street analysts had predicted. EBay Inc. also raised its full-year guidance slightly.
The online commerce company said Wednesday that it earned $597 million, or 45 cents per share, in the July-September period. That's up from $491 million, or 37 cents per share, a year earlier.
Revenue grew 15 percent to $3.4 billion from $2.97 billion.
Adjusted earnings were 55 cents per share in the latest quarter, slightly ahead of Wall Street's expectations.
Analysts surveyed by FactSet were expecting earnings of 54 cents per share on revenue of $3.41 billion.
"We had a great third quarter across our company, with Marketplaces and PayPal accelerating customer growth," CEO John Donahoe said in a statement. "Mobile continues to be a game changer for us, and we continue to be a clear leader in mobile commerce and payments."