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EBay unveils first quarter earnings results

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William Jones
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The company posted an adjusted 49 cents per share, when Wall Street was forecasting 48 cents.

EBay reported revenue of $2.2 billion, when analysts were expecting roughly the same at $2.21 billion.

Gross merchandise volume, a measure of the total sales transactions of the platform came in at $20.9 billion, slightly beneath the $21.06 billion analysts had been expecting.

“The first quarter was a strong start to the year with accelerating growth in active buyers, revenue and our core U.S. business,” said Devin Wenig, President and CEO of eBay Inc, in a statement.

“We are on the right path as we continue to evolve our shopping platform for consumers, leverage our technology advantages and market a sharpened eBay brand globally.”

The company also repurchased $350 million in common stock.

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William Jones
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