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eBay Q1 EPS Beats by a Penny

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

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

eBay (EBAY 1.43%) 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.

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