EBay results beat forecasts
EBay Inc. reported firstquarter net income of $626 million, after reporting a loss in the same period a year earlier.
On a per-share basis, the company said it had net income of 51 cents. Earnings, adjusted for restructuring costs and stock option expenses, came to 77 cents a share.
The results surpassed Wall Street expectations of 71 cents.
The e-commerce company posted revenue of $4.45 billion, also exceeding forecasts.
EBay’s shares rose $2.90 to $59.65 in aftermarket trading.