"I would say it was a very strong quarter across the board," Chief Executive Meg Whitman said in an interview. "We are actually accelerating our organic growth rate, excluding the impact of foreign exchange and acquisitions."
"I think we feel very good about the remainder of the year," Whitman said. "We raised guidance, both top- and bottom-line."
For the year, it predicted revenue in a range of $7.2 billion to $7.45 billion -- right in the middle of Wall Street forecasts, according to Reuters Estimates. That beat eBay's previous 2007 revenue forecast of $7.05 billion to $7.3 billion.
EBay forecast full-year earnings per share of $1.30 to $1.34 -- at the top end of analysts' predictions, which ranged from $1.27 to $1.34, based on Reuters Estimates data.
"Overall it was a good report card," said Martin Pyykkonen, an analyst with Global Crown Capital. "The full year (revenue forecast) is up $150 million," he said. "That's a nice bump considering they still have three quarters to go in the year."
"These are positive numbers versus expectations, which should be good for the stock," Stifel Nicolaus analyst Scott Devitt said.
Net income for the recently ended first quarter rose to $377 million, or 27 cents per diluted share, compared with $248.3 million, or 17 cents per diluted share, a year earlier.
Excluding stock-based compensation and acquisition costs, profit rose 34% to $460 million, or 33 cents per share.