Breaking News
Apr 27, 2023
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eBay Inc increased 3.6% to $44.93 after the online marketplace reported better-than-expected quarterly results. Revenue in the first quarter increased 1% to $2.5 billion from $2.48 billion a year ago.
Net income from continuing operations swung to a profit of $569 million from a loss of $1.4 billion and diluted earnings per share was $1.05 from ($2.28) a year ago.
The company declared a cash dividend of $0.25 per share payable on June 16 to stockholders of record as of June 1.
In the first quarter, the company repurchased $250 million of its common stock, or more than 5 million shares, and about $2.6 billion is available in the stock repurchase plan, and paid cash dividends of $134 million.
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