Ebay Falls Despite Solid Earnings - Should You Buy?
by Wall Street Wisdom
After posting strong Q4 2012 results in January, eBay (EBAY) once again saw better-than-expected financial results in Q1 2013, but fell in after-market hours. Revenue was up 14 percent to $3.7 billion, compared to the same period of 2012. The company reported first quarter net income on a GAAP basis of $677 million, or $0.51 per diluted share, and non-GAAP net income of $829 million, or $0.63 per diluted share. Analysts expected eBay to post earnings of $0.62 with revenue of $3.77 billion (eBay missed on revenue but beat earnings). read more »
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