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eBay 2008, Q3 Earnings
Q3 2008 financial results were in line or exceeded expectations. Revenue grew 12% year-over-year to $2.2 billion while non-GAAP earnings per share grew 11% to $0.46, exceeding the high end of guidance. The company also generated $543 million in free cash flow. However, eBay noted the weak macroeconomic environment was impacting its business through slower growth in U.S. ecommerce sales and same-store sales for its Merchant Services transaction processing volume.
