EBay stock rises on Q4 earnings beat, company announces buyback

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EBay (EBAY) reported fourth-quarter earnings that topped Wall Street estimates. The e-commerce company reported adjusted earnings per share of $1.07 compared to the $1.03 estimate. Revenue of $2.56 billion was about in line with the expected $2.51 billion. EBay also announced it was raising its dividend and that its board authorized an additional $2 billion worth of stock repurchases.
Yahoo Finance's Julie Hyman and Josh Lipton break down the results.
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