Tech Five: eBay shares surge off earnings
It appears Wall Street is buying into eBay, fresh off its spinoff of payments service PayPal. Meanwhile, a trio of tech titans report quarterly earnings after the bell.
Let's look at tech stocks to watch Thursday:
eBay. Shares surged 8.6% in pre-market trading after beating earnings estimates for the third quarter. The company reported earnings per share of 45 cents, beating forecasts of 40 cents. EBay completed its spinoff of payments service PayPal during the quarter.
Alphabet. The parent company of Google reports third quarter earnings after the markets close. Analysts project earnings of $7.20 per share off $18.54 billion in revenue. Ruth Porat, the company's chief financial officer, has hinted at either a dividend or stock buyback for shareholders, which could be announced during the quarterly call.
Microsoft. Expect to hear a lot about Windows 10 when the tech company reports first-quarter results. Analysts polled by Thomson Reuters forecast earnings per share of 58 cents off $20.96 billion in revenue.
Amazon. The commerce giant is expected to report a loss of 13 cents a share for its third quarter. But the bigger revelation Amazon will likely reveal are their expectations for the critical holiday shopping season.
Yahoo. The media company, whose shares have dipped 3% since Tuesday’s disappointing Q3 earnings, has more than 30 advertisers on its team for Sunday live streaming of the Buffalo Bills-Jacksonville Jaguars NFL game being played in London. Dairy Queen will sponsor the pre-game show and Toyota will sponsor the halftime show. Other advertisers include American Express, Bose, Chrysler, Microsoft and T-Mobile. You can watch starting at 8:00 a.m. ET on Yahoo Sports and other Yahoo apps on smartphones, tablets and TVs.
Follow Brett Molina on Twitter: @brettmolina23.