EBay Inc. signage will be displayed at the entrance to the company’s headquarters in San Jose, California.
David Paul Morris | Bloomberg | Getty Images
Check out the companies that hit the headlines on Wednesday after the bell:
Apple – The tech giant’s stock rose 2.9% after the company reported fiscal second quarter results that beat analysts’ expectations. Apple had earnings per share of $ 1.40 on sales of $ 89.58 billion. Analysts polled by Refinitiv expected earnings per share of 99 cents on sales of 77.36 billion US dollars.
Qualcomm – The chipmaker’s shares fell 5.4% after the company reported better-than-expected results for the second quarter. Qualcomm reported earnings per share of $ 1.90 on revenue of $ 7.93 billion. Analysts polled by Refinitiv expected earnings per share of $ 1.67 on sales of $ 7.62 billion.
Facebook – Shares in the social titan giant rose 5.4% after the company released first-quarter results that beat analysts’ expectations. Facebook had earnings per share of $ 3.30 on sales of $ 26.17 billion. Analysts polled by Refinitiv forecast earnings per share of $ 2.37 on sales of $ 23.67 billion.
Ford – Ford stocks were down 3.1% as dealers weighed the automaker’s latest quarterly report. Ford posted earnings per share of 89 cents on sales of $ 33.55 billion. Analysts surveyed by Refinitiv expect earnings per share of 21 cents on sales of 32.23 billion US dollars. However, the company also retained its full-year pre-tax profit forecast, which includes approximately $ 2.5 billion negative impact from a global chip shortage.
eBay – The e-commerce giant’s shares fell 5.4% after a disappointing second quarter forecast beat better-than-expected results from the previous quarter. EBay expects earnings per share between 91 and 96 cents for the second quarter. Analysts polled by FactSet expected a forecast of $ 1 per share.