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Stock impact report

EBay shares fall after earnings beat [MarketWatch]

eBay Inc. (EBAY) 
Last ebay inc. earnings: 4/29 04:15 pm Check Earnings Report
US:NASDAQ Investor Relations: investors.ebayinc.com
Company Research Source: MarketWatch
EBay Inc. shares ticked down 1% in the extended session Wednesday after the company beat Wall Street earnings expectations. The company reported first-quarter net income from continuing operations of $485 million, or 64 cents a share, compared with $516 million, or 57 cents a share, in the year-ago period. Adjusted for stock-based compensation, among other items, earnings were 77 cents a share. Net revenue fell to $2.37 billion from $2.41 billion in the year-ago period. Analysts surveyed by FactSet had estimated adjusted earnings of 70 cents a share on revenue of $2.32 billion. EBay said it expects second quarter adjusted earnings of 73 cents to 80 cents a share and net revenue of $2.38 billion to $2.48 billion. The company said its board has declared a cash dividend of 16 cents a share payable June 19. During March, eBay said that the marketplace platforms experienced "improved acquisition of small business sellers" which has continued into April; its marketplace also saw strength in Show less Read more
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