eBay Slips on Q1 Results and 2 Other Hot Stocks to Watch
EBay(NASDAQ:EBAY): Current price $53.42
In early Thursday trading, shares were down by 5 percent, one day after the payment and e-commerce supplier narrowly missed revenue forecasts with its first-quarter results. Its second-quarter outlook was light, as well. Late on Wednesday, eBay posted per-share profit minus items of 63 cents, which was up 14.5 percent year-over-year from 2012, and one cent above the consensus estimate of 39 analysts polled by Thomson Reuters.
Barrick Gold Corporation (NYSE:ABX): Current price $17.91
Shares havebeen reiterated at TheStreet Ratings as a Hold along with a ratings score of C-. Analysts found that the firm’s strengths are seen in multiple areas, like its revenue growth and healthy cash flow from operations. However, as a counter to these strengths, they also saw “weaknesses including feeble growth in its earnings per share, deteriorating net income and disappointing return on equity.”
Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM): Current price $18.13
The contract chip manufacturer has posted an 18 percent-jump in first quarter profit, while rising global sales of smartphones and tablet computers boosted demand for more sophisticated processors. In a statement, the firm saidThursday that January-March profit amounted to NT$39.6 billion on revenue of NT$132 billion. Beyond that, it said that over half of its shipments were application processors and other chips for use in mobile devices. Growth in that area more than compensated for stagnant sales of chips employed in computers and in other consumer electronics.
Don’t Miss: Business Outlook Remains Modest in April.