EBay Beats Estimates

Motorola slips; ImClone declines; Mercury Interactive skids; plus more of today's stocks in the news

After the close of trading Wednesday, EBay (EBAY ) posted 28 cents EPS, vs. 14 cents EPS. Excluding certain items, eBay earned 29 cents EPS -- beating analysts' average forecast for 27 cents EPS. Revenue jumped to $773.4 million, from $509 million. The online-auction giant raised its 2004 outlook for $1.17 EPS, excluding certain items, but analysts are forecasting $1.19, which could hurt shares on Thursday.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.