EBay enjoys 15-month trading gain high

EBAY, owner of the second-most visited e-commerce site, had its biggest gain in 15 months in Nasdaq trading after forecasting fourth-quarter sales and earnings that exceeded analysts’ estimates.

Sales will be $2.39 billion (€1.7bn) to $2.49bn this quarter, EBay said when it reported third-quarter results.

Excluding stock-option costs and other expenses, profit will be 45 cents to 48 cents a share.