Investor Fave eBay Delivers Once Again

Updated from 4:56 p.m. EDT.

Yet again, online auctioneer eBay (EBAY Quote) pleased investors Thursday, posting quarterly earnings that topped Wall Street estimates and boosting revenue projections for the second and third quarters.

Many analysts suspected the company would top estimates, and it did just that. It said first-quarter earnings were 11 cents a share on revenue of $154 million; this compares with the Thomson Financial/First Call consensus estimate of 8 cents a share on revenue of $149 million. In the same period last year, the San Jose, Calif.-based company earned 3 cents a share on revenue of $86 million.

At the same time, the company said revenue over the next two quarters could beat estimates by a total of $10 million to $15 million. The Thomson Financial/First Call second-quarter revenue estimate is $157.7 million. ...