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, but traded in a range for the majority of the session. The stock finished with a loss of 3.28 at $52.82 on above average volume. eBay dropped to a 2 1/2 week low and fell below its 50-day moving average.
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