UPDATE 1-EBay's fourth-quarter revenue rose 18 percent
By: Alistair Barr
SAN FRANCISCO, Jan 16 (Reuters) - EBay Inc reported an 18 percent increase in fourth-quarter revenue on Wednesday.
The operator of one of the world's largest online marketplaces also reported earnings of $927 million, or 70 cents a share, in the period. That compares with profit of $789 million, or 60 cents a share, in the same quarter last year.
EBay forecast 2013 revenue of $16 billion to $16.5 billion and profit of $2.70 to $2.75 a share. Wall Street was calling for revenue of $16.3 billion and profit of $2.74 a share, according to Thomson Reuters I/B/E/S.
The company's stock price was down less than 1 percent at $52.60 in after-hours trading following the announcement.
SAN FRANCISCO, Jan 16- EBay Inc reported an 18 percent increase in fourth-quarter revenue on Wednesday. EBay forecast 2013 revenue of $16 billion to $16.5 billion and profit of $2.70 to $2.75 a share. Wall Street was calling for revenue of $16.3 billion and profit of $2.74 a share, according to Thomson Reuters I/B/E/S.