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%.

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