Strong eBay results bode well for Amazon

A box from Amazon.com is pictured on the porch of a house in GoldenSAN FRANCISCO (Reuters) – EBay Inc’s strong first quarter bodes well for Amazon.com Inc’s results next week – especially Amazon’s own online Marketplace business and e-commerce in general, analysts said on Thursday. EBay shares surged to a six-year high after quarterly results showed the company’s efforts to turn around its online Marketplaces business are paying off. The results suggest “e-commerce growth is alive and well and that should bode well for others in the space, namely Amazon,” said Scott Tilghman, an analyst at Caris & Company. …


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