Shares Making the Greatest Actions by the Hour: eBay, PayPal, Qualcomm & Extra
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Check out the companies that are making headlines after the bell:
eBay – Stocks of the online market rose 8.5% in after-hours trading after the company reported fourth-quarter earnings and sales that exceeded analysts’ expectations. eBay posted adjusted earnings per share of 86 cents, which was above the 83 cents expected, and delivered first-quarter revenue and earnings projections that were above Wall Street projections.
Qualcomm – Qualcomm shares fell 8% in expanded trading after the semiconductor company reported that fiscal first quarter revenue fell short of Wall Street estimates. The downward pressure came despite projections for revenue of between $ 7.2 billion and $ 8 billion in the current quarter, a stronger forecast than analysts who track the expected stock.
Qorvo – Qorvo’s shares fell 7% in over-the-counter trading despite the company’s better-than-expected earnings report for the third quarter. Qorvo, a maker of high-frequency chips, posted a decline in equity despite a good pace and a better-than-expected forecast for “robust end-market demand that will continue into the March quarter”.
PayPal – PayPal shares rose 2.4% in expanded trading after the digital payments company posted fourth quarter revenues and profits that exceeded consensus analysts’ expectations. The company also announced that it added 16 million new net accounts in the fourth quarter and that total payment volumes were up 39% year over year.