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2009-10-22 08:44:46
Profits at online auction giant eBay have fallen by 29% as it continued to
struggle amid the weak economy.
It made $350m ( 211m) in the third quarter from $492m in the same period a year
earlier as customers showed reluctance to spend.
But the firm's overall sales rose 6% to $2.4bn as more people used its PayPal
division to pay for things online.
Shares fell 5% in after-hours trading as it forecast the fourth quarter would
continue to be tough.
Revenue from internet communications service Skype, rose by 29%.
Earlier this year eBay agreed to sell the business for about $2bn though will
keep a 35% stake.