EBay re­sults beat fore­casts

Los Angeles Times - - COMPANY TOWN -

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.

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