EBay's profit beat shows there's life after PayPal

EBay Inc reported a stronger-than-expected quarterly profit and raised its full-year adjusted profit forecast, helping to allay concerns about the company's prospects following the spinoff of PayPal, its main engine of growth. EBay, whose shares were up 8.5 percent after-hours on Wednesday, faces intensifying competition from rivals such as Amazon.com Inc as well as from retailers such as Wal-Mart Stores Inc that are boosting their online presence. PayPal Holdings Inc, a leader in the fast-growi