eBayEBAY 74.11 -0.59 -0.79% exceeded analysts’ expectations, reporting $0.67 per share on revenue of $2.6 billion. Analysts predicted $0.63 per share on revenue of $2.58 billion.
Although they beat, and are up 3.5% premarket, the company’s full year growth is only expected to be between two and three percent. Definitely not the growth company of the past. Barring any major innovation, eBay’s stock looks fully priced.
Anadarko PetroleumAPC 72.77 +0.56 +0.78% is having a huge pop this morning as Occidental makes an offer worth $76 a share in cash and stock. 20% more than Chevron’s $33 billion deal. APC is up over 10% premarket to ~$71. OXYOXY 25.94 -0.16 -0.61% is off about 4%.
ZoomZM 360.61 -17.78 -4.70% continues it’s surge since IPO, up as much as 10% yesterday, and closing up 5%. It is up 3% premarket. Will it continue? Who knows! It’s a currently profitable company with 100%+ growth rate. The question is: what will investors be willing to pay?