EBay Inc. says it posted a third-quarter profit, reversing a year-ago loss that stemmed from charges to its Skype telecommunications unit. The profit beat analyst forecasts.
The online auction site operator earned $492 million, or 38 cents per share, in the quarter. EBay reported a loss of $936 million, or 69 cents per share, in the year-ago period.
Revenue rose 12 percent to $2.12 billion, a bit lower than the $2.13 billion analysts anticipated.