Facebook and Twitter face different growth scenarios, but both are now focusing their gaze on the same market: Retail.» Read More
SAN FRANCISCO, July 16- EBay Inc posted a 13 percent rise in quarterly revenue, as better-than-expected results from its fast-growing PayPal division helped to overcome increasing competition from Amazon.com Inc and a well-publicized cyber-attack that exposed customers' data.
NEW YORK— EBay said Wednesday that its second-quarter net income rose 6 percent, as strong growth from its PayPal payments business offset lower-than-expected revenue that was hampered by a global password reset after a cyberattack.
Ebay earnings beat by a penny while revenue missed expectations. Shares rose after initially fluctuating in extended hours trading.
SAN FRANCISCO, July 16- EBay Inc posted a 13 percent rise in quarterly revenue on Wednesday, as it fended off increasing competition from arch-foe Amazon.com Inc and a growing number of smaller niche retail websites.
SAN FRANCISCO, July 16- EBay Inc posted a 13 percent rise in quarterly revenue on Wednesday, as it fends off increasing competition from arch-foe Amazon.com Inc and a growing number of smaller niche retail websites.
Dissecting eBay's quarterly numbers, with Colin Gillis, BGC Financial; David Garrity, GVA Research LLC; and FM trader Tim Seymour.
eBay is reporting Q2 EPS of $0.69 ex-items on revenue of $4.37 billion, with CNBC's Morgan Brennan.
eBay fell$. 20 or. 4 percent, to $50.62. Groupon Inc. fell$. 07 or 1.0 percent, to $6.33. LinkedIn Corp. fell$. 16 or. 1 percent, to $158.35.
The company and its retailing partners, including Neiman Marcus, Pizza Hut, Staples and others, hope a quicker payout will lead to fewer abandoned shopping carts online. The service is currently being offered in the U.S., Canada and Australia,.
European shares extended gains to close higher on Wednesday, as investors reacted to fresh growth data from China.
eBay fell$. 01 or percent, to $50.80. Groupon Inc. fell$. 02 or. 3 percent, to $6.38. Zynga Inc. fell$. 02 or. 6 percent, to $3.08.
*Intel climbs on earnings, outlook. *Time Warner rebuffs $80 bln bid from 21st Century Fox. Time Warner shares jumped 18.1 percent to $83.87 as the biggest boost to the S&P 500 after Twenty-First Century Fox confirmed it made an $80 billion takeover offer for the company that was turned down.
Time Warner shares jumped 15.3 percent to $81.86 before the bell as Twenty-First Century Fox confirmed it made an $80 billion takeover offer for the company that was turned down. *A partnership struck between IBM and Apple Inc will serve to boost indexes. IBM shares gained 1.8 percent to $191.85 and Apple advanced 2.1 percent to $97.35 in premarket.
U.S. stock index futures pointed to a higher open on Wall Street ahead of Fed Chair Janet Yellen's second day of testimony.
The recent rally in tech stocks has lacked one notable Internet name: eBay.
*Intel climbs in premarket on earnings, outlook. *Time Warner rebuffs $80 bln bid from 21st Century Fox. *IBM will partner exclusively with Apple Inc to sell iPhones and iPads loaded with applications geared at enterprise clients this fall, the companies announced late Tuesday.
SAN FRANCISCO, July 15- Yahoo Inc cannot seem to part ways with Alibaba. And with Yahoo's business continuing to deteriorate, some Wall Street analysts say it is hard to blame the company. "It remains a very large fig leaf," Pivotal Research Group analyst Brian Wieser said of Yahoo's Alibaba stake, which he said "obscures" Yahoo's weak results.
SAN FRANCISCO, July 15- Yahoo Inc pledged to pay its shareholders at least half the proceeds from Alibaba Group Holding Ltd's mega-IPO this fall, and plans to keep a larger stake in the Chinese e-commerce company than expected. Yahoo's roughly 24 percent stake in the world's largest Internet retailer is viewed on Wall Street as its most prized asset.
Stocks may respond more to earnings news than the Fed Wednesday, now that Fed Chair Janet Yellen's first day of testimony is out of the way.
July 15- Hewlett-Packard Co interim Chairman and activist investor Ralph Whitworth will step down on Wednesday to focus on his health, the latest top-level departure from the computer maker as it struggles to return to consistent growth.