Ahead Of Corporate Divorce From PayPal, eBay Reports Rosy First Quarter Earnings

April 22, 2015 9:41 PM

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As eBay eBay and PayPal PayPal look to move in separate directions, both companies prepared for their corporate divorce by organizing their boards and clearly defining their future business relationships. Until that split happens, however, the companies are still one, and on Wednesday reported earnings as a united corporation that beat profit expectations, sending eBay’s stock up more than 5% in after-hours trading.

The separation of the two entities is expected to happen in the third quarter of this year, said eBay CEO John Donahoe, revising earlier company statements that said the split would happen in the second half of 2015. Donahoe, who will chair PayPal’s board following the split, largely took a backseat...

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