EBay Q1 Results Top Estimates

(RTTNews) - eBay, Inc. (EBAY) today reported net income for the first quarter of $626 million or $0.51 per share, compared to a net loss of $2.3 billion or $1.82 per share for the year-ago quarter.

Excluding items, adjusted net income for the first quarter was $943 million or $0.77 per share, compared to $899 million or $0.70 per share in the prior year quarter.

Net revenue for the first quarter rose 4% to $4.45 billion from $4.26 billion in the same quarter last year.

Analysts polled by Thomson Reuters expected the company to earn $0.70 per share on revenue of $4.42 billion for the first quarter. Analysts' estimates typically exclude special items.

Looking forward to the second quarter, the company forecasts net revenues of $4.40 billion to $4.50 billion, earnings of $0.44 to $0.49 and adjusted earnings of $0.71 to $0.73 per share. Analysts currently expect the company to earn $0.71 per share on revenue of $4.57 billion for the second quarter.

For the full year 2015, the company now forecasts net revenue of $18.35 billion to $18.85 billion, earnings of $2.17 to $2.32 per share and earnings of $3.05 to $3.15 per share. Previously, the company forecast net revenues in the range of $18.60 billion to $19.10 billion, earnings of $2.17 to $2.32 per share and adjusted earnings of $3.05 to $3.15 per share. Analysts currently expect the company to earn $3.10 per share on revenue of $18.96 billion for the full year 2015.