EBay profits up; PayPal in for ‘streamlining’

EBay profits up; PayPal in for ‘streamlining’
CEO Donahoe says plan for payments unit ‘not about cost cutting’
SAN FRANCISCO (MarketWatch) — EBay Inc. reported a strong double-digit gain in earnings for the third quarter on Wednesday afternoon, helped by growth in both its Marketplace and PayPal business units. Both the results and forecast were in line with Wall Street’s estimates, which took some wind out of the stock that has run up nearly 60% since the first of the year. EBay (NASDAQ:EBAY) shares were trading down a fraction after hours following the report. http://www.marketwatch.com/story/ebay-earning...2012-10-17