eBay Inc (EBAY) Earnings Solid, Shares Surge On Carl Icahn’s Stake

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eBay Inc (EBAY) Earnings Solid, Shares Surge On Carl Icahn’s Stake
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eBay Inc (NASDAQ:EBAY) shares rose as much as 9% after the company’s earnings report—and news of a major stake in the company taken by activist investor Carl Icahn. eBay reported revenue of $4.5 billion for the December quarter—a 13% increase over the same quarter a year ago. GAAP net income was 65 cents per share, and non-GAAP net income was 81 cents per share.

Analysts had been expecting the company to report earnings of 80 cents per share on revenue of $4.56 billion.

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