eBay shares jumped more than +6% during after-hours trading Tuesday, after the company reported higher-than-expected earnings for its first quarter.
The e-commerce behemoth’s adjusted earnings of $0.67 per share exceeded analysts’ expectations of $0.63. Revenue of $2.6 billion came in higher than analysts’ estimates of $2.58 billion.
For the full-year 2019, the company forecasts that its adjusted earnings would range between $1.94 and $2.04 per share. It expects net revenue to range between $10.83 billion and $10.93 billion.