Shares of eBay Inc (EBAY) fell to $50.70 at the close yesterday in New York and have risen nearly 1.50% in pre-market trading Thursday, after the online auctioneer reported second quarter revenue and EPS that beat analysts’ expectations.
The company reported $0.69 earnings per share for the quarter, up from $0.63 a year ago. The consensus estimate was for EPS of $0.68.
Revenue in the three months ended in June 30’14 increased nearly 13% year-over-year to $4.37 billion, compared to the consensus estimate of $4.38 billion. In the same three months of last year the company’s revenue totaled $3.9 billion.
eBay shares, which are down 7.50% year-to-date, currently trade at about 17x FY2014 earnings. The multiple makes them relatively cheap compared to the industry’s 31.69x earnings ratio for the same period.
SanDisk Corporation (SNDK) reported $1.41 earnings per share for the second-quarter, beating the Street’s consensus estimate of $1.39 by $0.02. Regardless, shares in the $24.40 billion company are down nearly 10% in pre-market trading. The memory chipmaker had revenue of $1.63 billion for the quarter, up 10.7% on a year-over-year basis, compared to the consensus estimate of $1.60 billion.
SanDisk shares, which are up 53% year-to-date, currently trade at about 17.70x FY2014 earnings, compared to the industry’s 22x earnings multiple for the same period.
SNDK is up 77% in the last 52-weeks and is currently trading around $97.50. Ticker has more than tripled in the last eight quarters.
Shares of Las Vegas Sands Corp. (LVS) fell in after-hours trading after the casino operator reported second-quarter earnings that missed Wall Street expectations by $0.06. For the quarter ended June 30, adjusted earnings per share jumped 31% y/y to $0.85, missing the analysts’ consensus estimate of $0.91. Revenues came in 12% higher from last year to $3.62 billion, which also came short of expectations of $3.79 billion.
LVS had a market cap of $59.62 billion/$73.80 p/sh as of Wednesday’s close. The stock has performed well over the last year reaching a 52-wkh of $88.28. The company’s stock is up nearly 37% y/y but down 6.46% year-to-date.