EBay upgrades guidance on Q1 performance
EBay on Tuesday reported that first quarter revenue rose 2% on an as-reported basis and 4% on a foreign exchange-neutral basis, primarily driven by gross merchandise volume of $22.6 billion. GMV was down 4% (1% currency neutral). Net income from continuing operations rose 28% to $521 million, from $407 million in the year-ago quarter. The e-commerce giant's active buyer base expanded by 4% across its platforms, reaching 180 million global active buyers, according to a company press release...
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