eBay reports Q1 revenue of $2.6B, up 12% YoY, non-GAAP net income of $548M, up 2% YoY, but gives weak Q2 revenue outlook of $2.64B to $2.68B, vs. $2.68B est. (Spencer Soper/Bloomberg)
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Spencer Soper / Bloomberg:
eBay reports Q1 revenue of $2.6B, up 12% YoY, non-GAAP net income of $548M, up 2% YoY, but gives weak Q2 revenue outlook of $2.64B to $2.68B, vs. $2.68B est. — EBay Inc. gave a weak outlook for revenue growth in the current quarter, taking the shine off Chief Executive Officer Devin Wenig's turn-around strategy.
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