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.
eBaywill 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.
Googlewill 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. Amazonwill 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, Microsoftwill 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 IBMand 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, Motorolafell despite better than expected results. Monster, StorageTek, Freescaleand Silicon Imagealso beat estimates.
During the day, IBMand Texas Instrumentsrose 4% and 7%, respectively, on their results, and EMCalso climbed on its numbers.
CheckFree, JDA Software, Ameritradeand E*Tradegained on their results, while J2 Globalslipped on mixed results and guidance.