Tag Archives: bad-request

EBay Earnings Mixed, Sells Unit Ahead Of PayPal Split

EBay (EBAY) early Thursday reported mixed second-quarter earnings and announced the sale of a business unit, as it readies its PayPal spinoff set for Friday. EBay said it’s reached an agreement to sell its Enterprise business, which develops websites for retailers, for $925 million to private equity firms Permira and Sterling Partners. EBay reported revenue of $4.38 billion, up 3% from the year-earlier quarter and the company’s fifth quarter in a

Raptor Pharma Up As Leerink Likes Huntington’s Drug

Rare-disease specialist Raptor Pharmaceutical (RPTP) was up 7% in early trading Thursday after Leerink lifted its price target on hopes for upcoming drug data. Analyst Joseph Schwartz affirmed his outperform rating and lifted his target to 20 from 15, citing a data readout in the third quarter on a clinical trial of Huntington’s disease drug RP103. Schwartz assigned a 60% probability of the drug ultimately getting to market, though he split the

Intel Q2 Beats As IoT, Data Center Offset Slow PCs

No. 1 chipmaker Intel (INTC) late Wednesday reported Q2 earnings and revenue that beat Wall Street estimates, as did its Q3 sales guidance, as sales of chips for the Internet of Things and data centers offset the PC slowdown. Intel (INTC) reported a 5% drop in Q2 revenue to $13.2 billion, its first year-over-year sales decline in two years. But that still beat the $13 billion analysts polled by Thomson Reuters had forecast. Intel’s Q2 earnings per