Fueled by its PayPal division, eBay reported first quarter results today that exceeded expectations.
Revenues jumped 16 percent to $2.5 billion, compared to the same period a year ago, and profits soared by 20 percent to total $475.9 million, or 36 cents a share.
The results were in line with its internal projections of revenues of up to $2.5 billion and earnings per share and up to 36 cents a share. The company also met or exceeded analysts expectations for the period.
PayPal continues to be the area where eBay sees the most growth. Net revenues from … Read more