EBay Stock Dips On In Line Q1 Earnings, Revenue Miss

eBay (EBAY - Free Report) just released its first quarter financial results, posting adjusted earnings of $0.53 per share and revenues of $2.58 billion.

eBay is currently a Zacks Rank #2 (Buy), which is subject to change based on today’s results. Shares of eBay are up 25.5% over the last year and 2.4% in the last four weeks. eBay dipped slightly on Wednesday to hit $40.97 per share prior to the release of its first-quarter earnings results.

eBay stock is currently down 4.56% to $39.10 per share in after-hours trading shortly after its earnings report was released.

eBay:

Matched earnings estimates. The company posted adjusted earnings of $0.53 per share, matching the Zacks Consensus Estimate.

Missed revenue estimates. The company saw revenue figures of $2.58 billion, missing our consensus estimate of $2.6 billion.

eBay's Q1 revenues jumped roughly 12% from $2.30 billion in the year-ago period. Meanwhile, the online seller’s quarterly earnings climbed 9% from $0.49 per share.

Looking ahead to the second quarter, eBay expects to post adjusted earnings in the range of $0.50 per share to $0.52 per share, which falls in line with our current estimates.

Here’s a graph that looks at EBAY’s Price, Consensus and EPS Surprise history.