eBay beats Wall Street estimates

E-commerce retailer eBay (EBAY) recorded first quarter revenues of $2.02 billion, a drop of $171 million compared to the same period last year, but above the $1.94 billion predicted by analysts. The numbers helped boost eBay's stock price over six percent in after hours trading.

Earnings per share came in at 39 cents, better than the 34 cents per share estimates of Thomson Reuters. The company said its performance was attributable to the impact of the strong dollar and the decline of its Marketplace business in the current difficult economic conditions.