News Brief

eBay's Q1 Revs Soar

eBay easily exceeded expectations in the first quarter, reporting both double-digit gains for revenue and income, reports All Things D. In after-hours trading, the stock rose 7.3%, trading at a 52-week high of $38.50. First-quarter revenues totaled $3.3 billion, per eBay, up 29% year-over-year. For the same period, net income totaled $570 million, increasing 20%.

Tags: web sites
Recommend (3) Print RSS
All content published by MediaPost is determined by our editors 100% in the interest of our readers ... independent of advertising, sponsorships or other considerations.