eBay revenue and profits rise in the first quarter
The company eBay reported earnings of $ 1.04 billion in the first quarter ended March 31, equivalent to 94 cents per share - compared to a net income of $ 482 million (41 cents per share) in the same period a year ago.
Excluding extraordinary items, earnings per share amounted to 49 cents ($ 538 million total), while the average number of analysts surveyed by Bloomberg was 48 cents per share. Last year they had amounted to 47 cents per share (a total of 550 million).
The e-commerce company reported revenue growth for the same period, from $ 2.14 billion to $ 2.22 billion, also exceeding market projections, which pointed to an average value of $ 2.21 billion millions.
To justify these results is the increase of visitors on e-commerce websites and efforts to revitalize the platform - which are being rewarded, stressed the company in the presentation of its accounts after the close of the exchanges on the other side of the Atlantic.
For the group as a whole, eBay, based in San Jose, California, expects earnings per share between $ 1.98 and $ 2.03 and points to revenues in the range of $ 9.3 to $ 9.5 billion .
Analysts surveyed by Bloomberg estimate a median turnover of $ 9.41 billion in 2017 and a $ 2.01 earnings per share, so the firm's estimates are in line with expectations.
For the current quarter, eBay projects a turnover between $ 2.28 and $ 2.32 billion, thus meeting fair market expectations - which are $ 2.32 billion.
The market was expecting more and is punishing the technology, which continues to lose 4.9% to $ 32.35 in trading outside regular trading hours in New York.