NEW YORK -- eBay (EBAY), the online auctioneer, is expected by analysts Wednesday to report first-quarter earnings of 52 cents a share on revenue of $3.15 billion.
Think Equity is bullish on eBay, and it is expecting both PayPal and the company's Marketplaces businesses to do well.
"We believe eBay will report 1Q12 results that are above our projections on revenue and in line on pro forma earnings per share," said the firm in a preview of eBay's results. "Intra-quarter channel checks across Marketplaces have come back largely positive and we believe the extra shopping day in February and mix-shift to fixed price should help overall growth."
Qualcomm (QCOM), the wireless chipmaker, is expected to post fiscal second-quarter earnings of 96 cents a share on revenue of $4.84 billion. Five Down-Days Doesn't Make a Bad Apple
Yahoo! (YHOO) posted better-than-expected first-quarter results. Yahoo! earned 23 cents a share on revenue of $1.08 billion. Analysts were expecting profit of 17 cents a share on revenue of $1.06 billion. The Internet company also gave stronger-than-expected second-quarter revenue guidance. On the Yahoo! conference call Tuesday, CEO Scott Thompson announced the company is cutting 50 properties, but didn't say which properties were being unloaded. Thompson was also asked about the sale of its Asian assets, and noted that Yahoo! is "continuing to pursue active discussions with Alibaba." Five Down-Days Doesn't Make a Bad Apple
Intel (INTC) topped Wall Street's first-quarter expectations but forecast a decline in gross margins in the second quarter. Intel reported non-GAAP earnings of $2.9 billion, or 56 cents a share, on revenue of $12.9 billion for the first quarter; analysts were calling for profit of 50 cents a share in the March-ended quarter on revenue of $12.84 billion. For the second quarter ending in June, Intel said it expects revenue of $13.6 billion, plus or minus $500 million, which compares to the current Wall Street consensus view for revenue of $13.45 billion. Gross margin for the second quarter is forecast at between 62%-63% on a non-GAAP basis, a decline from a non-GAAP gross margin of 65.1% in the first quarter. 5 Most Beautiful Cars of All Time
IBM (IBM) missed Wall Street's first-quarter revenue forecast. IBM, on Tuesday, reported revenue of $24.67 billion and earnings of $2.78 a share, compared with $24.6 billion and $2.41 in the same period last year. Analysts surveyed by Thomson Reuters expected IBM to report revenue of $24.77 billion and earnings of $2.65 a share. First Solar Addresses the Past, Future Still a Mess
Two components of the Dow Jones Industrial Average issue results on Wednesday: American Express (AXP) and United Technologies (UTX).
-- Written by Joseph Woelfel
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