eBay Q1 2024 Adj EPS $1.25 Beats $1.20 Estimate, Sales $2.60B Beat $2.53B Estimate
Portfolio Pulse from Benzinga Newsdesk
eBay reported Q1 2024 adjusted EPS of $1.25, surpassing the $1.20 estimate, with sales of $2.60B exceeding the $2.53B forecast. This represents a 3.59% increase in sales compared to the same period last year.
May 01, 2024 | 8:05 pm
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POSITIVE IMPACT
eBay's Q1 2024 earnings exceeded expectations with an adjusted EPS of $1.25 and sales of $2.60B, indicating strong financial performance.
eBay's reported earnings and sales not only surpassed analyst estimates but also showed a significant year-over-year growth in sales. This positive financial performance is likely to instill investor confidence and could lead to a short-term uptick in eBay's stock price, as it demonstrates the company's ability to exceed expectations and grow its revenue.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100