The company reported earnings per share of 70 cents and a 14% year-over-year increase in revenue to $4.26 billion, which beat the estimates of 67 cents a share on revenue of $4.228 billion from analysts polled by Thomson Reuters.
For the second quarter, eBay expects revenue in the range of $4.325 billion to $4.425 billion, GAAP earnings per diluted share in the range of 51 cents to 53 cents and non-GAAP earnings per diluted share in the range of 67 cents to 69 cents. This is slightly below the consensus estimate of non-GAAP earnings per diluted share of 70 cents on revenue of $4.398 billion.
For the full year 2014, eBay expects revenue in the range of $18 billion to $18.5 billion, GAAP earnings per diluted share in the range of 4 cents to 9 cents and non-GAAP earnings per diluted share in the range of $2.95 to $3.
The stock was down 3.92% to $52.40 in after-market activity.
Separately, TheStreet Ratings team rates EBAY INC as a "buy" with a ratings score of A. TheStreet Ratings Team has this to say about their recommendation:
"We rate EBAY INC (EBAY) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, reasonable valuation levels, growth in earnings per share and good cash flow from operations. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity."