eBay: Buy, buy, buyOctober 18, 2012: 3:00 PM ET
More people are hitting the eBay auction block to buy and sell their wares, and they're using PayPal to complete those online transactions.
EBay (EBAY) reported third-quarter earnings per share that beat Wall Street estimates by a penny and said they have 14% more active users over last year.
Investors said buy, buy, buy to the stock Thursday, sending its shares up more than 4%. Several Wall Street analysts did too.
StockTwits lit up with comments.
Ahead of eBay's earnings, company executives had announced a redesign and a new logo. But at least one trader was skeptical that would be enough to lure consumers back.