Despite releasing results that exceeded both internal and Wall Street expectations, the day did not end well for eBay (EBAY) stock, which fell about 6.5% during extended trading on May 4. Based in California, eBay operates an online marketplace where people and businesses can come to shop for a variety of products. The company mostly makes money from seller fees. Another revenue source for eBay is advertising services. Q1 Numbers at a Glance Revenue fell 6% year-over-year to $2.5 billion, but still exceeded the consensus estimate of $2.46 billion. Additionally, the revenue surpassed the midpoint of the internal guidance range of $2.43 billion to $2.48 billion.
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