The retail group posted online eBay (. Pdf) Wednesday, April 27, a net profit of 475.87 million dollars (320.64 million euros) for the first quarter, up 20% and just above expectations. Turnover, up 16% to $ 2.55 billion (1.72 billion dollars), also slightly above expectations. "In the first quarter, (a subsidiary of online payment) PayPal has continued to draw strong global growth, and eBay has significantly accelerated its growth in the U.S.," said CEO John Donahoe said in a statement.
The group says PayPal's revenue rose 23% in the first quarter. eBay has also raised its annual forecast, with sales now expected between 10.6 and 10.9 billion (between 7.14 and 7, 34 billion euros), against a range of 10.3 to 10.6 billion dollars (6.94 to 7,140,000,000 euros) previously announced.
The action, however, lost 1.06% to 33.67 dollars (22.68 euros) in electronic trading after the close of trading. 
The group says PayPal's revenue rose 23% in the first quarter. eBay has also raised its annual forecast, with sales now expected between 10.6 and 10.9 billion (between 7.14 and 7, 34 billion euros), against a range of 10.3 to 10.6 billion dollars (6.94 to 7,140,000,000 euros) previously announced.
The action, however, lost 1.06% to 33.67 dollars (22.68 euros) in electronic trading after the close of trading.
- eBay Posts Strong First Quarter Earnings (27/04/2011)
- eBay Beats The Street; Revenue Up 16 Percent To $2.5B; Net Income Up 12 Percent (28/04/2011)
- eBay starts off year with strong first quarter earnings (27/04/2011)
- eBay revenues jump 16 percent with PayPal's Help (27/04/2011)
- EBay first-quarter profit rises 20 percent (27/04/2011)
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