(Reuters) -E-commerce firm eBay ( EBAY ) said on Wednesday that its Chief Financial Officer Steve Priest will step down in May and will be replaced by Peggy Alford, who was a vice president at PayPal.

EBay ( EBAY ) beat market expectations for quarterly revenue and also forecast second-quarter revenue above estimates, bolstered by stable demand for products such as collector's items and refurbished goods. 

The company's emphasis on its focus categories and geo-specific investments is driving momentum, CEO Jamie Iannone said.

Focusing on luxury and collectible goods as well as refurbished products has helped the e-commerce firm drive sales at a time when consumer spending has moderated due to high inflation.

The company reported first-quarter revenue of $2.59 billion, compared to analysts' average estimate of $2.55 billion, according to data compiled by LSEG.

EBay ( EBAY ) expects revenue in the range of $2.59 billion to $2.66 billion for the second quarter, compared to analysts' average estimate of $2.60 billion.