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eBay Auctions off a Beat

By Ben Thomas

 About this article:
 For Thomas' preview heading into the eBay conference call, please click here. eBay reported a solid quarter and may have some room to run if a few sell-siders get behind it in the morning. For the quarter just ended, the company posted non-GAAP earnings per share of 39 cents on total revenue of $2.02 billion. The company guided second quarter revenue to a range of $1.85 billion to $2.05 billion and EPS of 34 cents to 36 cents. This is in line with current Street projections. The stock is up nicely after hours as the company beat the top and bottom line, plain and simple. However, I'm not real sure that these numbers are indicative of a change in the longer-term trend in the fundamentals and the stock price, or just an overshoot of negative forecasts by the analyst community. Highlights: Core GMV was down 5% year...

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