EBay posted quarterly profit and revenue that topped analysts' estimates on Wednesday, driven by transaction growth and corporate cost control.
The stock surged 5 percent in extended trading. (Click here to track eBay shares.)
The e-commerce company reported adjusted first-quarter earnings of 77 cents per share on $4.45 billion in revenue. EBay's profit and sales rose 10 and 4 percent from a year earlier, respectively.
"We had a strong first quarter, with eBay and PayPal off to a good start for the full year," said eBay President and CEO John Donahoe in a release.