eBay Inc. (NASDAQ:EBAY) reported net income above Wall Street’s expectations for the third quarter. Net income for eBay Inc. rose to $490.5 million (37 cents per share) vs. $431.9 million (33 cents per share) in the same quarter a year earlier. This marks a rise of 13.6% from the year earlier quarter. Revenue rose 31.8% to $2.97 billion from the year earlier quarter. EBAY reported adjusted net income of 48 cents per share. By that measure, the company beat the mean estimate of 40 cents per share. Analysts were expecting revenue of $2.91 billion.

“Our company reported another strong quarter, with eBay, PayPal and GSI each performing well,”said eBay Inc. President and CEO John Donahoe. “Mobile commerce continues to accelerate as consumers change the way they shop and pay. We expect eBay mobile commerce to generate almost$5 billion in merchandise volume this year and PayPal mobile to exceed $3.5 billion in payment volume. Mobile is one way online and offline shopping are blending into a single commerce environment. We are focused on enabling commerce, helping consumers shop anytime, anywhere,and being the commerce partner of choice for retailers of all sizes.”

Competitors to Watch: Amazon.com, Inc. (NASDAQ:AMZN), GSI Commerce, Inc. (NASDAQ:GSIC), Liquidity Services, Inc. (NASDAQ:LQDT), Google Inc. (NASDAQ:GOOG), Overstock.com, Inc. (NASDAQ:OSTK), BIDZ.com, Inc. (NASDAQ:BIDZ), Gaiam, Inc. (NASDAQ:GAIA), U.S. Auto Parts Network, Inc. (NASDAQ:PRTS), HSN, Inc. (NASDAQ:HSNI), Wal-Mart (NYSE:WMT) and Target (NYSE:TGT).

Western Digital Corporation (NYSE:WDC) reported net income above Wall Street’s expectations for the first quarter. Net income for the data storage devices company rose to $239 million ($1.01 per share) vs. $197 million (84 cents per share) in the same quarter a year earlier. This marks a rise of 21.3% from the year earlier quarter. Revenue rose 12.4% to $2.69 billion from the year earlier quarter. WDC reported adjusted net income of $1.10 per share. By that measure, the company beat the mean estimate of 95 cents per share. It beat the average revenue estimate of $2.48 billion.

Competitors to Watch: Seagate Technology PLC (NASDAQ:STX), EMC Corporation (NYSE:EMC), STEC, Inc. (NASDAQ:STEC), SanDisk Corporation (NASDAQ:SNDK), Dot Hill Systems Corp. (NASDAQ:HILL), Overland Storage, Inc. (NASDAQ:OVRL), Hutchinson Technology Inc. (NASDAQ:HTCH), Quantum Corporation (NYSE:QTM), ADPT Corporation (ADPT), and OCZ Technology Group Inc. (NASDAQ:OCZ).

Get Your FREE Special Report: 4 Things You Must Know About the US Economy Now!