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eBay Says It Had a "Challenging" Quarter, Hits Wall Street Numbers Anyway

EBay, which spent much of the second quarter dealing with the effects of a cyber attack, said it had a “challenging” few months. But it gave Wall Street the numbers it was looking for: The commerce giant reported earnings of 69 cents and revenue of $4.4 billion, right in line with consensus estimates. “PayPal generated another strong quarter while eBay’s growth was hampered by its global password reset for all users,” CEO John Donahoe said in a statement.

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