EBay Inc. EBAY -4.33% on Tuesday reported a first-quarter loss of $2.3 billion, or $1.82 a share, on revenue of $4.3 billion, compared with earnings of $677 million, or 51 cents a share, on $3.75 billion in sales in the same period a year ago. EBay said its results were affected by "a discrete tax charge" of $3 billion. Excluding one-time items, eBay would have earned 70 cents a share. Analysts surveyed by FactSet had forecast the e-commerce leader to earn 67 cents a share on $4.22 billion in sales. EBay shares were off by 3.5% in after-hours trading.
Source: Marketwatch
Source: Marketwatch
