Investing.com - eBay (NASDAQ:EBAY) reported first quarter earnings that beat analysts' expectations on Tuesday and revenue that topped forecasts.
The firm reported earnings per share of $0.67 on revenue of $2.64B. Analysts polled by Investing.com forecast EPS of $0.63 on revenue of $2.58B. That compared to EPS of $0.53 on revenue of $2.58B in the same period a year earlier. The company had reported EPS of $0.71 on revenue of $2.88B in the previous quarter.
eBay shares gained 5.26% to trade at $38.60 in after-hours trade following the report.
eBay shares gained 5.26% to trade at $38.60 in after-hours trade following the report.
For the year, eBay shares are up 30.64%, outperforming the Nasdaq which is up 24.8% year to date.
eBay follows other major Services sector earnings this month
On Tuesday, Verizon reported first quarter EPS of $1.2 on revenue of $32.13B, compared to forecasts of EPS of $1.17 on revenue of $32.15B.
Netflix earnings beat analyst's expectations on Tuesday, April 16, 2019, with first quarter EPS of $0.76 on revenue of $4.52B. Investing.com analysts expected EPS of $0.58 on revenue of $4.5B
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