Net Stocks Down Slightly Amid Flurry of Earnings

However, eBay and priceline.com were up ahead of their earnings reports later today.
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Earnings season is in high gear for the Net sector, and a high-profile name will be on tap later today. Other stocks were moving after reporting last night.

TheStreet.com Internet Sector

index was 3.57, or 0.5%, at 728.37 in recent trading. It reached a high of 739.74 early in the session, but had given back those gains in the first half hour of trading.

Among the stocks set to report later today is

eBay

(EBAY) - Get Report

. eBay, which is expected to report a profit of 1 cent for the third quarter, according to

First Call/Thomson Financial

, was up 1 5/8, or 1%, at 152 1/2. Another heavyweight,

priceline.com

(PCLN)

, was up 11/16, or 1%, at 69 1/4 ahead of its expected report on Thursday.

Among stocks that reported yesterday after the close,

Homestore.com

(HOMS)

was up 4 15/16, or 12%, at 47 after

Donaldson Lufkin & Jenrette

upgraded the stock to buy from market perform. The online real estate company reported a 23-cent loss for its third quarter, a penny better than consensus estimates. DLJ raised revenue estimates for 2000 to $120 million from $109 million and earnings to a 54-cent loss vs. a 58-cent loss previously. (DLJ has done underwriting for Homestore.)

"Homestore is quickly consolidating its dominant position atop the real estate related online world," wrote analyst Jamie Kiggen. "Homestore's management simply moves quicker than any online or would-be online competitor in its space. Scale matters on the Internet and Homestore has achieved that scale."

Also,

Ticketmaster Online-CitySearch

(TMCS)

was up 1 11/16, or 8%, at 122 1/8 after besting estimates. The ticket seller reported a loss of 41 cents for its third quarter, 8 cents better than estimates. Ticketmaster sold 2.5 million tickets in the quarter, which was 100,000 fewer than it sold in the second quarter. The company had warned that third-quarter sales would lag those in the second quarter when it reported second-quarter earnings back in

July.

Ask Jeeves

(ASKJ)

committed a rare sin in the Internet world -- missing earnings estimates -- and the stock was suffering, down 3, or 3%, at 75. The question-and-answer search engine site posted a loss of 35 cents a share for the third quarter, a penny worse than the First Call/Thomson Financial estimate of a 34-cent loss. Revenues of $6.5 million compared with $113,000 a year ago. The company said it received 2.5 million questions during the quarter compared with 1.6 million in the second quarter. Ask Jeeves went on a run ahead of its earnings report, rising from 62 3/4 on Oct. 10 to 86 1/8 on Oct. 22.

Also seeing some profit-taking was

USWeb/CKS

(USWB)

, although the Internet consulting firm beat estimates by 2 cents. It was off 1 11/16, or 4.5%, at 35 7/8.

In nonearnings news,

Net.B@nk

(NTBK)

was up 3 3/4, or 18%, at 24 3/16 after the Internet bank inked a deal with

Microsoft's

(MSFT) - Get Report

MSN MoneyCentral

. Under the agreement, Net.B@nk will be one of three financial institutions to integrate content and receive branding and positioning throughout the MSN MoneyCentral "Banking & Bills" and "Saving & Spending" sections.

The

San Jose Mercury News

focused on

Beyond.com's

(BYND) - Get Report

woes in an article today. It said the online software vendor was suffering from major management and staff defections, mounting financial losses and a decline in stock price as it attempts to reposition itself as a distributor of software to businesses rather than consumers. The article notes that Beyond.com's Web site was shut down for more than 33 hours late last week, though it says the company claims it was down deliberately to prepare for anticipated heavy traffic. Beyond.com was down 1/8, or 1%, at 8 13/16.

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Corrections and Clarifications.