US Stock Price Fluctuated | Fourth quarter performance exceeds expectations, eBay (EBAY.US) rises more than 6%.

On Wednesday, after eBay (EBAY.US) announced its earnings, the stock price rose, closing at $47.37, up more than 6%. eBay's fourth-quarter revenue was $25.6 billion, a 2% increase compared to the previous year, beating market expectations of $25.1 billion. Earnings per share were $1.07, also beating market expectations of $1.03. The total merchandise volume was $186 billion, a 2% increase compared to the previous year, exceeding market expectations of $182 billion. There were 132 million active buyers, a 2% decrease compared to the same period last year. Fourth-quarter advertising revenue was $3.93 billion, surpassing market expectations of $3.75 billion, helping eBay increase its profits despite losing customers. The company also increased its existing stock buyback plan by $2 billion, bringing the total buyback authorization to $34 billion.