What's Going On With eBay Stock Thursday

eBay Inc EBAY shares are trading higher by 2.08% to $44.26 Thursday morning after the company reported better-than-expected first-quarter results.

The e-commerce company also received a number of analyst rating updates following the earnings print.

What Happened?

eBay reported quarterly earnings of $1.11 per share which beat the analyst consensus estimate of $1.07.

The company also reported quarterly sales of $2.51 billion which beat the analyst consensus estimate of $2.48 billion. This is a 1.1% increase over sales of $2.48 billion in the same period last year.

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“This is a solid start to the year as we’ve exceeded expectations on our key financial and operating commitments while making significant progress against our long-term objectives," eBay CEO Jamie Iannone said in a statement...Read More

According to data from Benzinga Pro, eBay has a 52-week high of $54.49 and a 52-week low of $35.92.