Stocks to Watch: eBay, Qualcomm, Yahoo!
NEW YORK -- eBay(EBAY) , the online auctioneer, is expected by analysts Wednesday to report first-quarter earnings of 52 cents a share on revenue of $3.15 billion.
Think Equity is bullish on eBay, and it is expecting both PayPal and the company's Marketplaces businesses to do well.
"We believe eBay will report 1Q12 results that are above our projections on revenue and in line on pro forma earnings per share," said the firm in a preview of eBay's results. "Intra-quarter channel checks across Marketplaces have come back largely positive and we believe the extra shopping day in February and mix-shift to fixed price should help overall growth."
Qualcomm(QCOM) , the wireless chipmaker, is expected to post fiscal second-quarter earnings of 96 cents a share on revenue of $4.84 billion.
Yahoo! earned 23 cents a share on revenue of $1.08 billion. Analysts were expecting profit of 17 cents a share on revenue of $1.06 billion.
The Internet company also gave stronger-than-expected second-quarter revenue guidance.
On the Yahoo! conference call Tuesday, CEO Scott Thompson announced the company is cutting 50 properties, but didn't say which properties were being unloaded.
Thompson was also asked about the sale of its Asian assets, and noted that Yahoo! is "continuing to pursue active discussions with Alibaba."
Intel(INTC) topped Wall Street's first-quarter expectations but forecast a decline in gross margins in the second quarter.