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

As eBay and 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.