EBay delivered quarterly earnings and revenue that surpassed analysts' estimates on Tuesday, but its second-quarter guidance came in light of expectations.
The firm forecast second-quarter per-share earnings between 67 cents and 69 cents, shy of the 70 cents per share expected by Wall Street.
The company also said it absorbed a tax charge of about $3 billion taken because they brought home $9 billion of foreign earnings that were not previously subject to U.S. tax. The move is expected to increase the company's available U.S. cash by some $6 billion.
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EBay reported first-quarter earnings of 70 cents a share on revenue of $4.26 billion.
Analysts had expected the company to report earnings excluding items of 67 cents a share on $4.23 billion in revenue, according to a consensus estimate from Thomson Reuters.