After the markets closed Wednesday, eBay reported revenue of $4 billion, an 18% increase from a year earlier and above analysts' forecast of $3.98 billion.
Excluding items, eBay earned 70 cents a share, up from 60 cents. Analysts surveyed by Thomson Reuters were looking for earnings of 69 cents a share.
The company's Marketplaces business, which was widely expected to boost eBay's fourth-quarter numbers, generated record revenue of $2 billion.eBay shares climbed 3.12% to $54.55 in premarket trading. The San Jose, Calif.-based firm was also one of the most active premarket Nasdaq stocks on share volume of 172,013. Facebook (FB - Get Report), fresh from its Graph Search launch earlier this week, was another gainer, rising 0.94% to $30.13. Apple (AAPL - Get Report), which gained 4.15% on Wednesday, rose 0.86% to $510.44 before market open. The iPhone maker was another active premarket Nasdaq stock on share volume of 79,295. Dell (DELL - Get Report), the subject of buyout rumors this week, gained 0.71% to reach $12.70 in premarket trading. The No. 3 PC maker ended Wednesday's session down 4.25%. Intel (INTC - Get Report), which reports its fourth-quarter results after market close, rose 0.5% to $22.22 in premarket trading. HP (HPQ) shares crept up rose 0.41% to $17.28 before market open. The No. 1 PC maker's stock closed up 4.11% on Wednesday following a news report that potential purchasers are evaluating the company's Autonomy and EDS units. Cisco (CSCO - Get Report), however, was a loser, falling 1.43% to $20.73 on share volume of 74,160, while Microsoft (MSFT - Get Report) dipped 0.11% to $27.01. --Written by James Rogers in New York. Follow @jamesjrogers >To submit a news tip, send an email to: firstname.lastname@example.org.
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts