AT&T Passes 100M Subs; eBay Shares Drop After Earnings

NEW YORK ( TheStreet) -- AT&T ( T) met third-quarter earnings estimates on Thursday, as it added 2.1 million wireless subscribers to surpass 100 million.

AT&T earned $3.6 billion, or 61 cents a share. Revenue fell 0.3% to $31.48 billion. Analysts surveyed by Thomson Reuters expected AT&T to earn 61 cents a share on revenue of $31.62 billion.

Shares of AT&T dropped 1.6% to $28.63 in premarket trading on Thursday.


eBay ( EBAY) shares fell 5.4% to $31.40 in premarket trading Thursday despite the online auctioneer reporting an in-line third-quarter profit with revenue coming in slightly above estimates.

For the three months ended in September, eBay earned 48 cents a share on revenue of $2.97 billion. Analysts were looking for a profit of 48 cents on revenue of $2.91 billion.


Private-equity firm Silver Lake Partners is reportedly weighing a bid for Yahoo! ( YHOO) with Microsoft ( MSFT) and the Canadian Pension Plan Investment Board, according to The New York Times. Microsoft has tried to buy Yahoo! in the past and would likely take a supporting role in the transaction, the report said.

Shares of Yahoo! rose 1.9% to $16.24 in premarket trading Thursday.


Google ( GOOG) on Wednesday announced a new analytics tool called Flow Visualization to give Web sites greater insight into how users behave on their sites. The service displays in graphical format the path that users take through a site, such as entering through a home page and clicking links.

Shares of Google were up 0.1% to $581.50.


Social sharing site Path now has more than 1 million users, up from half that number in June, according to founder and ex-Facebook employee Dave Morin. Path lets users share data with a select group of family and friends, unlike other networks like Facebook that encourage sharing with everyone.

--Written by Olivia Oran in New York.

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