Ebay (NASDAQ: EBAY) shares rallied modestly into the close, up 1.7% to $32.09. The company posted first quarter revenue of $2.19 billion, up $424 million from the same period last year. Revenue growth was driven primarily by Marketplaces net transaction revenues, the ongoing expansion at PayPal, Skype and the company’s global classifieds business.
Ebay recorded net income on a GAAP basis of $460 million or $0.34 per diluted share, and non-GAAP net income of $562 million or $0.42 per diluted share
Wall St. estimates for the quarter were for $0.40 EPS on $2.11 billion in revenues, and estimates for fiscal Dec-2008 are $1.68 EPS on $8.79 billion in revenues.
PayPal had a strong quarter with $582 million in net revenue, an increase of 32% year-over-year. Net total payment volume (TPV) for the quarter was $14.42 billion, an increase of 34% year-over-year.
Skype is still a dog and Ebay is unlikely to ever get its money back from the acquisition. Skype continued its strong growth trajectory, reporting $126 million in revenue for the quarter, representing 61% year-over-year growth
Douglas A. McIntyre
Sponsored: Want to Retire Early? Start Here
Want retirement to come a few years earlier than you’d planned? Orare you ready to retire now, but want an extra set of eyes on your finances?
Now you can speak with up to 3 financial experts in your area for FREE. By simply clicking here you can begin to match with financial professionals who can help you build your plan to retire early. And the best part? The first conversation with them is free.
Click here to match with up to 3 financial pros who would be excited to help you make financial decisions.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Editors' Picks
