eBay (EBAY) Tops Q1 EPS by 1c; Guides Relativity In-Line

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Go back to eBay (EBAY) Tops Q1 EPS by 1c; Guides Relativity In-Line

eBay Inc. Reports First Quarter 2017 Results

April 19, 2017 4:15 PM EDT

SAN JOSE, Calif., April 19, 2017 /PRNewswire/ -- eBay Inc. (NASDAQ: EBAY), a global commerce leader, delivered gross merchandise volume (GMV) for the quarter ended March 31, 2017 of $20.9 billion, increasing 2% on an as-reported basis and 5% on a foreign exchange (FX) neutral basis. Revenue for the quarter was $2.2 billion, up 4% on an as-reported basis and 7% on an FX-Neutral basis.

During the quarter, eBay delivered GAAP net income from continuing operations of $1.0 billion, or $0.94 per diluted share, driven by a non-cash $695 million income tax benefit... More