01.05.2024 22:11:26 - dpa-AFX: eBay Inc. Q1 Profit Decreases, but beats estimates
SAN JOSE (dpa-AFX) - eBay Inc. (EBAY) released a profit for first quarter
that decreased from last year but beat the Street estimates.
The company's earnings came in at $439 million, or $0.85 per share. This
compares with $569 million, or $1.05 per share, in last year's first quarter.
Excluding items, eBay Inc. reported adjusted earnings of $648 million or $1.25
per share for the period.
Analysts on average had expected the company to earn $1.12 per share, according
to figures compiled by Thomson Reuters. Analysts' estimates typically exclude
special items.
The company's revenue for the quarter rose 2.0% to $2.56 billion from $2.51
billion last year.
eBay Inc. earnings at a glance (GAAP) :
-Earnings (Q1): $439 Mln. vs. $569 Mln. last year.
-EPS (Q1): $0.85 vs. $1.05 last year.
-Revenue (Q1): $2.56 Bln vs. $2.51 Bln last year.
-Guidance:
Next quarter EPS guidance: $1.10 - $1.15
Next quarter revenue guidance: $2.49 - $2.54 Bln
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