eBay Inc reported a stronger-than-expected quarterly profit and raised its full-year adjusted gain outlook, helping allay anxieties about the prospects of the company’s following the spinoff of PayPal, its primary engine of growth.

PayPal Holdings Inc , a leader in the fast growing payment processing marketplace, became a different business on July 18.

Instead, the firm increased its outlook for adjusted gain from continuing businesses for the entire year to $1.80-$1.82 per share from $1.72-$1.77.

The increase represents gains performance in the next quarter in addition to the repurchase of shares as well as a tax rate that was favourable, Chief Financial Officer Scott Schenkel said on a call.

eBay has had to work hard to win user trust back after a security violation in May last year undermined the data of about 145 million customers.

A change in Google’s algorithm, which shoved the company’s results lower in search positions likewise hurt it.

eBay’s net income dropped to $539 million or 45 cents per share, from $673 million.

Nevertheless, excluding pieces the business brought in 43 cents per share, surpassing the average estimate of 40 cents.

Net revenue dropped to $2.1 billion  from $2.15 billion  was up about 5 percent after excluding changes in money rates. Analysts on average had anticipated revenue of $2.09 billion

Gross merchandise volume dropped 2 percent including the impact of money but grew 6 percent on a forex-neutral basis.

Up to Wednesday’s close of $24.21, eBay’s shares had dropped about 13 percent since July 17. PayPal’s shares fell about 18 percent.