EBay stock rose marginally in after-hours trading Wednesday after the online payments and auctions leader posted Q2 earnings that slightly beat analyst views despite a hacker attack reported last quarter. But the company’s revenue slightly missed expectations, and eBay’s usually conservative guidance again failed to meet analyst expectations on the top and bottom lines. Revenue growth for the company’s Marketplaces unit — its auctions and
Medical product giants St. Jude Medical and Abbott Laboratories both beat analysts’ Q2 expectations and raised their guidance Wednesday, but their shares had a bumpy ride on the market amid a fresh attack on drug-industry mergers. Abbott (ABT) reported its first sales beat in six quarters. Revenue rose 2% to $5.55 billion, about $30 million above consensus. Earnings climbed 17% to 54 cents a share, beating estimates by 4 cents. The company added a
Yahoo late Tuesday posted Q2 earnings and sales that missed Wall Street views, but the U.S. Web portal said it struck a deal with China’s Alibaba that will let it retain a bigger stake in the e-commerce giant after its U.S. IPO. Yahoo (YHOO) stock initially rose 2% after hours on the Alibaba news, but was down 2% later despite better-than-expected revenue guidance for Q3. “For the last two years the stock has primarily been driven by Alibaba …