eBayyer
eBay has posted first quarter profit that met expectations, but the auction giant’s shares fell nearly 5 percent in after-hours trading after its guidance disappointed Wall Street.
Excluding special items, eBay posted 24 percent higher earnings of $342.9 million, or $0.24 per share, vs. $275.5 million, or $0.20 per share in the year-ago quarter. Wall Street had expected earnings of $0.23 per share on average, according to Thomson Financial’s survey of 20 analysts.

Posted: 04|21|06 at 7:38 am. Filed under: Auction News.