EBay Earnings Climb Almost 145%
EBay Inc. on Wednesday cited a strong performance by its marketplaces business as a key reason why it reported a fiscal second-quarter profit of $692 million, or 53 cents a share, on $3.4 billion in revenue.
Qualcomm Forecast Misses Expectations
Qualcomm Inc. issued a forecast for the September quarter that came in below analysts' projections on Wednesday afternoon, along with its results for the June period.
IBM Posts Higher Profit, Raises Outlook
IBM Corp. on Wednesday reported a second-quarter profit of $3.88 billion, or $3.34 a share, compared with a profit of $3.66 billion, or $3 a share, for the year-earlier period.
USDA Declares Drought Disaster in 39 Additional Counties
Scorching drought conditions throughout the U.S. prompted the U.S. Agriculture Department Wednesday to declare 39 new counties in eight states as disaster areas, making farmers and livestock producers there eligible for emergency low-interest government loans.
U.S. Stocks Rise As Intel, Tech Rally
U.S. stocks ended near their highs of the day Wednesday, extending gains into a second day, after Intel Corp.'s forecast, while reduced, gave a lift to tech stocks and following testimony from Federal Reserve Chairman Ben Bernanke.
Stryker Posts 4.8% Higher Profit
Medical technology company Stryker Corp. reported late Wednesday a second-quarter profit of $325 million, or 85 cents a share, up from a profit of $310 million, or 80 cents a share, a year ago.