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Ebay Posts Strong Q2 with Net Profit of $412 Million

Internet commerce company Ebay Inc beats the expectations of speculators with strong Q2 results with net profit of $412 Million. Ebay share rose 3.6% hours after company predicted that PayPal results would strong throughout the year. For Q2 company has booked $2.2 Billion in revenue. The company had a 15 percent gain in adjusted revenue, which excluded Skype, eBay's former Internet telephone unit, which it recently sold.

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