A series of financial results yesterday saw a variety of outcomes for some of the world's biggest technology companies.
Apple shares jumped 8.6 percent, eBay managed a respectable 5.8 percent increase, while Intel hovered around the same level and Yahoo slumped 21 percent.
Shares rose to $58.75 in after-market trading, up $4.65, after its reported earnings for the fiscal third quarter beat analyst estimates by $80 million, raking in $472 million.
The company also dispelled analyst fears that iPod sales were slowing down, by shipping 8.11 million units during the quarter, up 32 percent over last year. Mac sales also beat expectations, rising 12 percent year-on-year to 1.33 million.
eBay stock rose to $27.43 in after-market trading, up $1.50. The company's second quarter earnings matched Wall Street's expectations.
The Internet auction giant said it expects revenue to be between $5.7 billion and $5.9 billion for the full year, and between $1.35 billion and $1.43 billion in the third quarter.
Intel posted profits of $885 million for its second quarter, less than half of the $2 billion it earned in the same period last year. The company cited decreases in the number of microprocessors sold, their average selling price and the number of motherboards sold.
The sole bright spot was a rise in the number of flash memory units sold, but that was not enough to rescue Intel from sinking revenues around the globe.
Intel is in the midst of a corporate reorganisation and the overall impact was to keep Intel's share price at the same level.
Shares in Yahoo fell to $25.20 during regular Nasdaq trade, down $7.04 on the day. The company's second quarter revenue fell short of expectations and it delayed a new advertising platform, called Project Panama.
Its revenue rose 26 percent year-on-year to $1.58 billion but after subtracting the commissions Yahoo pays to third-party websites that fell to $1.12 billion, up 28 percent over last year but still below the expected $1.14 billion.
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