eBay Inc. Q1 adjusted earnings Beat Estimates

(RTTNews) - eBay Inc. (EBAY) released a profit for its first quarter that increased from the same period last year.

The company's bottom line totaled $521 million, or $0.57 per share. This compares with $407 million, or $0.40 per share, in last year's first quarter.

Excluding items, eBay Inc. reported adjusted earnings of $608 million or $0.67 per share for the period.

Analysts had expected the company to earn $0.63 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 2.3% to $2.64 billion from $2.58 billion last year.

eBay Inc. earnings at a glance:

-Earnings (Q1): $608 Mln. vs. $548 Mln. last year. -EPS (Q1): $0.67 vs. $0.53 last year. -Analysts Estimate: $0.63 -Revenue (Q1): $2.64 Bln vs. $2.58 Bln last year.

-Guidance: Next quarter EPS guidance: $0.61 - $0.63 Next quarter revenue guidance: $2.64 - $2.69 Bln Full year EPS guidance: $2.64 - $2.70 Full year revenue guidance: $10.83 - $10.93 Bln