eBay, Facebook, Apple, Cisco: Tech Premarket
NEW YORK (TheStreet) -- eBay (EBAY) was a big gainer in premarket trading on Thursday after the company exceeded analysts' fourth-quarter revenue and profit estimates.
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), fresh from its Graph Search launch earlier this week, was another gainer, rising 0.94% to $30.13. Apple (AAPL), 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), 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), 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), however, was a loser, falling 1.43% to $20.73 on share volume of 74,160, while Microsoft (MSFT) dipped 0.11% to $27.01. --Written by James Rogers in New York. Follow @jamesjrogers >To submit a news tip, send an email to: tips@thestreet.com.Select the service that is right for you!
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