Driven by growth in net revenues, e-commerce corporation eBay Inc. (EBAY) exceeded expectations in the third quarter. However, the company’s shares declined 5.3% to close at $73.51 during Wednesday’s extended trading session, despite posting upbeat results. eBay reported quarterly net revenues of $2.5 billion, reflecting 11% growth year-over-year. A significant contributor to this growth was the revenues generated from Promoted Listings, which saw a 12% gain from the previous year to $207 million. Moreover, the figure surpassed the consensus estimate of $2.46 billion. The company’s quarterly earnings per share (EPS) of $0.90 indicates a year-over-year growth of 9%, higher than the consensus estimate of $0.89.
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