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MarketWatch First Take: If holiday shopping and StubHub can’t save eBay, what can?

Investors hoping for a fourth-quarter boon that would showcase eBay Inc.’s ongoing progress in its post-PayPal turnaround had their hopes dashed in the e-commerce giant’s third-quarter results.

On Wednesday, eBay EBAY, +2.78% reported third-quarter earnings that were slightly better than expected, but investors were disappointed in the company’s lighter-than-expected forecast for the big holiday quarter, including a prediction of a slowdown for its “ticket to growth,” the StubHub ticket-selling business. Shares declined 8% in late trading after the results were released.

Since PayPal Holdings PYPL, +1.03% spun off last year, investors’ focus has shifted to eBay’s discount ticket-selling service, which reported a 23% jump in revenue to $263 million in the quarter.

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