eBay Inc. (EBAY) Wednesday reported first-quarter net income of $677 million or $0.51 per share, up from $570 million or $0.44 per share last year.
Adjusted net income for the quarter rose to $829 million or $0.63 per share from $725 million or $0.55 per share last year. Analysts polled by Thomson Reuters expected the company to report earnings of $0.62 per share for the quarter. Analysts' estimates typically exclude special items.
Net revenues for the quarter grew 14 percent to $3.75 billion from $3.28 billion last year. Analysts estimated revenues of $3.77 billion for the quarter.
Looking forward to the second quarter, eBay expects earnings of $0.46 to $0.48 per share, adjusted earnings of $0.61 to $0.63 per share, and revenues of $3.80 billion to $3.90 billion. Analysts currently estimate earnings of $0.66 per share on revenues of $3.95 billion for the second quarter.
For the full year 2013, eBay continues to expect earnings of $2.23 to $2.29 per share, adjusted earnings of $2.70 to $2.75 per share and revenues of $16.00 billion to $16.50 billion. Analysts currently estimate earnings of $2.75 per share on revenues of $16.38 billion for the quarter.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.