eBay (EBAY) this afternoon reported Q1 revenue and profit per share that topped analysts’ estimates, projected this quarter’s revenue and EPS below estimates, and projected the year’s results ahead of consensus.
Revenue in the three months ended in March rose 29%, year over year, to $3.28 billion, yielding EPS of 55 cents.
Analysts on average had been modeling $3.15 billion and 52 cents a share.
CEO John Donahoe said the results were a “strong start” to the year.
eBay’s PayPal business saw revenue rise 32%, year over year, with net total payment value, or TPV, rising 24% to $34 billion.
The company’s core Marketplaces business saw revenue rise 11%, on a 12% rise in gross merchandise value, excluding automobile sales.
For the current quarter, the company sees revenue of $3.25 billion to $3.35 billion, and EPS of 53 cents to 55 cents. Analysts have been modeling $3.36 billion and 55 cents.
For the full year, the company sees revenue of $13.8 billion to $14.1 billion, and EPS of $2.30 to $2.35, versus the consensus $13.85 billion and $2.30 per share.
eBay shares are up $1.26, or 3.4%, at $37.13.
eBay’s conference call with analysts starts at 5 pm, Eastern time, and you can catch the webcast of it here.
Update: The stock has been adding to gains in the after-market, currently up $1.82, or 5%, at $37.90, after rising more than 7% at one point.
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