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EBay beats with revenues of $2.6B and EPS of $0.67 as restructuring takes shape

Ingrid Lunden
EBay beats with revenues of $2.6B and EPS of $0.67 as restructuring takes shape

As eBay continues to work through a restructuring strategy, the e-commerce marketplace and online auction pioneer reported earnings for the first quarter of the year that should keep some of the more activist shareholders a little at bay. The company reported revenues of $2.6 billion and non-GAAP net income of $608 million, or diluted earnings per share of $0.67 ($0.57 EPS on a GAAP basis). "We delivered a solid first quarter with revenue and EPS," said Devin Wenig, president and CEO of eBay Inc., in a statement.