04:43 PM EDT, 05/01/2024 (MT Newswires) -- EBay ( EBAY ) reported Q1 non-GAAP earnings late Wednesday of $1.25 per diluted share, up from $1.11 a year earlier.

Analysts polled by Capital IQ expected $1.20.

Revenue in the quarter ended March 31 rose to $2.56 billion from $2.51 billion a year earlier. Analysts surveyed by Capital IQ expected $2.53 billion.

The company expects diluted non-GAAP EPS of $1.10 to $1.15 in Q2 on revenue of $2.49 billion to $2.54 billion.

Analysts surveyed by Capital IQ expect EPS of $1.14 on revenue of $2.56 billion.

EBay ( EBAY ) maintained its quarterly dividend at $0.27 a share, payable on June 14 to shareholders of record on May 31.

Shares of the company were down more than 5% in recent after-hours activity.

Price: 48.96, Change: -2.10, Percent Change: -4.11