Third quarter score sheet: Intel and Yahoo lose
It's quarterly report time in businessland, let's check the score!
- EBay beat revenue predictions last quarter — thanks to a stellar performance by PayPal — but expects a lousy 2007. If the stock doesn't pick up fast, this could be eBay's worst year since 2000. Blame Skype, which has sucked money from the company since eBay bought it last year. [Bloomberg]
- Chip maker AMD's profits rose, but it spent more to get them — [CNW Group]
- — while Intel earned this line from a commenter on The Street: "It takes a certain frame of mind to view a quarter in which net income plunged 35%, as a comeback." [The Street]
- Apple pwned analysts' estimates (again), then lowballed its holiday season prediction (again). Damn showoffs. [Mercury News]
- On the other hand, IBM surprised everyone with high profits as well. [Chicago Sun-Times]
- This morning, Forbes asked about Yahoo's disappointing report, "Profits and sales go down, so the stock goes up?" Nope, after a post-earnings-report jump yesterday, the stock dropped by nearly 5% today (pictured). Is this trouble for the CEO? [Forbes]