SAN FRANCISCO -- There's a consensus that Intel's (INTC) - Get Report earnings report was something less than stellar, but the degree to which that'll affect the stock or the tech sector is still unknown. Intel was down 3 1/4, or 5.4%, to 57 1/4 this morning.
Though it's dipped slightly in early trading, the tech sector's getting a little help from
Motorola reported first-quarter earnings of 28 cents a share, topping analysts' estimates by 4 cents. The company also said it might beat analysts' sales and earnings expectations in the second quarter. It was trading up 2 1/16, or 2.5%, at 85.
Meanwhile, Lucent attempted to allay fears of an earnings shortfall by saying that it will meet or beat earnings estimates of 15 cents a share on revenue of at least $8 billion. It was trading up 5 13/16, or 9%, at 62 early.
reported a loss of 39 cents a share, which was 2 cents better than consensus estimates, but the stock was trading down 9 1/8, or 12%, at 70 1/8.
, which ran up ahead of its earnings report, was lately trading up 1 at 183 after meeting expectations with a 7-cent loss. And
has been firmer after beating its fiscal third-quarter earnings expectations, though it warned of softer revenue in its upcoming fiscal fourth quarter. It was up 2, or 7.5%, at 28 5/8.
Looking ahead, both
will report earnings later today. Apple, which is expected to post its fourth profitable quarter in a
row, was trading up 3/4, or 2%, at 35 3/8.
Ameritrade and most other online brokerages have been among the best-performing tech stocks on continuing expectations of strong earnings. Ameritrade was down 3 1/4, or 2%, at 170 early on, though that was off its high of 188 3/8.
Ups and Downs
Online banking stocks are seeing some profit-taking after this week's stunning run-up.
, which rose 76 points Tuesday on news of a 3-for-1 split, was down 33 1/32, or 14%, at 202. The stock had traded to a high of 249 soon after the opening.
, which operates
, was down 7 1/2, or 6%, at 133.