eBay Inc. (EBAY) reported first quarter adjusted net income of $0.63 per share after the bell Wednesday, compared to $0.55 per share last year. The consensus estimate was for EPS of $0.62. The company expects to report second quarter adjusted EPS of $0.61 to $0.63 and between $2.70 and $2.75 for the full year 2013. The consensus estimates are for EPS of $0.66 and $2.75.
eBay gapped open sharply lower Thursday and is now down 2.65 at $53.45 on above average volume. The stock has fallen to nearly a 3-week low and has dropped below its 50-day moving average.
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