Wall Street expectations on the earnings and income of e-commerce giant eBay were beaten on Wednesday owing to cost cuts and strong growth at its Skype telephone and PayPal payments divisions, that pushed its stock higher, as Reuters reported. However, eBay reported a lower quarterly net profit, sales and margins because of the weak global economic state and international sales affected by a stronger U.S. dollar.

eBay’s shares jumped as much as 6% in extended trading. Company is concentrating on galvanizing growth at its PayPal payments services and resuscitating a core marketplaces offering that has been hit hard by rivals, like Amazon.com Inc to refocus and streamline. With these efforts the corporation hopes to sell or spin off Skype, which some analysts say could fetch more than $2 billion.

On Wednesday, the company broadly matched anticipations with its adjusted earnings outlook of 34 cents to 36 cents on income of $1.85 billion to $2.05 billion, against Wall Street’s expectations of 35 cents per share on revenue of $1.97 billion on average. 

eBay faced its first-quarter net profit as much as $357 million, or 28 cents per share, that is lower than last year figures of $460 million, or 34 cents per share. According to Reuters Estimates, earnings per share made up 39 cents, surpassing the analysts’ expectations of 34 cents per share on average. Income declined $2.02 billion, losing 8%, that is still better than $1.95 billion forecasted by experts. 54% of eBay's sales come from its international businesses. The revenue of eBay’s Web payment service PayPal increased 11%, while Skype incomes grew 21%.

However eBay stated its operating profit margins to drop to 20.9% in the quarter from 25.2% a year ago, due to a stronger U.S. currency and a shift to lower-margin businesses.

eBay shares, that gained 22% in a previous month, soared 5.5% to $15.59 after closing on the Nasdaq at $14.78, up 3.43%.