eBay Inc. Q1 Income Drops 6%

(RTTNews) - eBay Inc. (EBAY) released earnings for first quarter that decreased compared to the same period last year.

The company said its bottom line dropped to $550 million, or $0.47 per share. This was down from $586 million, or $0.48 per share, in last year's first quarter.

Analysts had expected the company to earn $0.45 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 3.9% to $2.14 billion. This was up from $2.06 billion last year.

eBay Inc. earnings at a glance:

-Earnings (Q1): $550 Mln. vs. $586 Mln. last year. -Earnings Decline (Y-o-Y): -6.1% -EPS (Q1): $0.47 vs. $0.48 last year. -EPS Decline (Y-o-Y): -2.1% -Analysts Estimate: $0.45 -Revenue (Q1): $2.14 Bln vs. $2.06 Bln last year. -Revenue Change (Y-o-Y): 3.9%

-Guidance: Next quarter EPS guidance: $0.40 - $0.42 Next quarter revenue guidance: $2.14 - $2.19 Bln Full year revenue guidance: $8.6 - $8.8 Bln