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    EBay Inc. (EBAY) shares rose the most in eight months after sales and profit at the world’s largest Internet marketplace topped analysts’ estimates, spurred by growth in its PayPal online-payments business.
    The stock climbed 11 percent to $39.78 at 9:42 a.m. in New York, for the biggest gain since Aug. 9. Shares of the San Jose, California-based company advanced 18 percent this year before today.

    Customers at the opening of the ebay christmas boutique pop-up shop in London. Photograph: National News/Zuma Press

    Gil Luria, an analyst at Wedbush Securities Inc., talks about EBay Inc.'s first-quarter performance and business strategy. He speaks with Adam Johnson on Bloomberg Television's "Bloomberg West." (Source: Bloomberg)


    the world’s largest Internet marketplace, reported sales and profit that topped analysts’ estimates, led by growth in its PayPal online-payments business. Jon Erlichman reports on Bloomberg Television's "Street Smart." (Source: Bloomberg)

    the world’s largest Internet marketplace, reported sales and profit that topped analysts’ estimates, led by growth in its PayPal online-payments business. The shares rose in extended trading. Bloomberg's Cory Johnson reports on Bloomberg Television's

    Chief Executive Officer John Donahoe is expanding beyond EBay’s online auction roots with more offerings for mobile devices, aimed at consumers shopping on phones instead of traditional computers. Mobile-payment volume will surge 75 percent to $7 billion this year, EBay has projected, helping solidify PayPal’s role as the company’s fastest-growing unit.
    “PayPal continues to be a star,” Colin Gillis, an analyst at BGC Partners LP in New York, said in an interview. “The traction in the marketplace has been slow and steady.”
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