eBay Q1 EPS Beats by a Penny

By Eric Volkman – Apr 17, 2013 at 5:02PM

NASDAQ: EBAY

eBay

Market Cap

$26B

Today's Change

(0.88%) $0.44

Current Price

$50.39

Price as of April 19, 2024, 4:00 p.m. ET

The online auction and general commerce operator reports healthy top- and bottom-line growth.

eBay (EBAY 0.88%) results for the first quarter have been released. For the quarter, revenue was $3.75 billion, which compares favorably to the $3.28 billion in the same period the previous year. Net income over the same time span advanced to $829 million ($0.63 per diluted share) from Q1 2012's $725 million ($0.55).

"We had a strong first quarter, with accelerating user growth across both Marketplaces and PayPal, and with GSI enabling their retail clients to grow faster than e-commerce," CEO John Donahoe said of the quarter.

Analysts had expected revenue of nearly $3.8 billion and EPS of $0.62.

eBay also maintained its existing guidance guidance. For fiscal 2013, the company expects $16.0 billion-$16.5 billion in revenue, with EPS coming in at $2.70-$2.75.

Fool contributor Eric Volkman has no position in eBay. The Motley Fool recommends and owns shares of eBay. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.