Amid typical October stock market volatility, some of the biggest technology and Internet names will be reporting third-quarter results in the next couple of days.
eBay will report its results after the close on Wednesday. Analysts are expecting a 50% jump in earnings to 27 cents a share, and revenues are expected to climbed 47% to $780 million.
Google will report its first results as a publicly traded company on Thursday. Analysts are looking for earnings of 54 cents a share on sales of $452 million. The company has said it won’t provide guidance. Amazon
will also report after the close on Thursday. Analysts are looking for the online retailing giant to earn 18 cents a share on revenues of $1.47 billion, up 29% from the year-ago quarter.
Also after the bell on Thursday, Microsoft will report its results. Analysts are looking for earnings of 30 cents a share, flat with the year-ago quarter, while revenues are expected to climb 9.5% to $9 billion.
Stocks fell Tuesday despite well-received earnings from IBM and Texas Instruments
, as strong early gains gave way to losses by the close.
The Nasdaq fell 13 to 1922, the S&P 500 lost 10 to 1103, and the Dow fell 58 to 9897. Volume rose to 1.76 billion shares on the NYSE, and 1.72 billion on the Nasdaq. Decliners led 21-11 on the NYSE, and 18-12 on the Nasdaq. Downside volume was 72% on the NYSE, and 57% on the Nasdaq. New highs-new lows were 127-68 on the NYSE, and 92-68 on the Nasdaq.
After the close, Motorola fell despite better than expected results. Monster
, StorageTek
, Freescale
and Silicon Image
also beat estimates.
During the day, IBM and Texas Instruments
rose 4% and 7%, respectively, on their results, and EMC
also climbed on its numbers.
CheckFree , JDA Software
, Ameritrade
and E*Trade
gained on their results, while J2 Global
slipped on mixed results and guidance.
