Tech Five: eBay shares up after reporting stong Q2 earnings
EBay reported strong Q2 earnings Thursday as it gears up to split from PayPal June 17. Shares of eBay rose more than 4% in pre-market trading after it reported that revenue grew 7% during the second quarter -- results that were better than what Wall Street expected.
Let's take a look at the tech stocks to watch Thursday:
Ebay (EBAY): Along with strong Q2 results, eBay also delivered an optimistic yearly forecast with an expected revenue growth of 3% - 5%. Meanwhile, eBay also reached a definitive agreement to sell eBay enterprise unit to a private equity firm for $925 million.
Google (GOOG): Advertising powerhouse Google is will report its earnings at market close Thursday, marking the first time Google's new finance chief Ruth Porat will address investors. Over the past 12 months, Google shares have slipped 4%, and has underperformed in the S&P 500. Shares of Google were slightly up about 1% during morning trading.
Apple (AAPL): The iPod is back. New models of the iPod Touch, iPod Nano, and iPod Shuffle hit stores Wednesday, and the company hopes this updated product will extend access to Apple Music. Shares of Apple were slightly up during morning trading.
Netflix (NFLX): The streaming giant released solid second quarter earnings Wednesday. The company said it added more than 3 million new subscribers during the second quarter of 2105 -- surpassing its own forecast of 2.5 million new subscribes. Netflix shares were up more than 11% in pre-market trading.
Intel (INTL): Intel also released its second quarter earnings Wednesday, exceeding analyst's expectations as it posted earnings of $0.55 per share on revenue of $13.2 billion. The chip maker's successful results were pushed by growth in the market for data center chips, despite the falling PC sales.
Follow Paste BN reporter Trisha Thadani on Twitter: @TrishaThadani