© Reuters. eBay Earnings, Revenue Beat in Q1
Investing.com – eBay (NASDAQ:) reported on Wednesday first quarter that beat analysts’ forecasts and revenue that topped expectations.
eBay announced earnings per share of $1.05 on revenue of $2.48B. Analysts polled by Investing.com anticipated EPS of $1.03 on revenue of $2.46B.
eBay shares are down 18% from the beginning of the year, still down 32.97% from its 52 week high of $81.19 set on October 22, 2021. They are under-performing the Nasdaq which is down 17.13% from the start of the year.
eBay shares lost 6.62% in after-hours trade following the report.
eBay follows other major Consumer Discretionary sector earnings this month
eBay’s report follows an earnings missed by Amazon.com on April 28, who reported EPS of $-7.56 on revenue of $116.44B, compared to forecasts EPS of $8.35 on revenue of $116.45B.
Tesla had beat expectations on April 20 with first quarter EPS of $3.22 on revenue of $18.76B, compared to forecast for EPS of $2.26 on revenue of $17.87B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar
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