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NEW YORK (
eBay(EBAY - Get Report) 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 - 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), 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.
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