Service Sector Stocks Ended Mixed (EBAY, AMZN, SVU)
eBay Inc. (NASDAQ:EBAY) added 0.47% to $29.86. Earlier this month, eBay said its third-quarter earnings rose 23% from a year ago, mostly due to strength in its PayPal business. For the quarter, eBay earned $432 million, or 33 cents a share, on $2.25 billion in sales.
The stock went up more than 25% year-to-date. The stock opened at $29.55 and traded within the range of $29.48-$29.90.
Amazon.com, Inc. (NASDAQ:AMZN) slid 0.96% to $165.23. For the period ended Sept. 30, Amazon this month, reported net income of $231 million, or 51 cents a share, compared with net income of $199 million or 45 cents a share for the same period last year.
For the December quarter, Amazon said it expects revenue to come in the range of $12 billion to $13.3 billion. Analysts were looking for about $12.3 billion in revenues, according to FactSet estimates.
Operating margin for the period is expected to come in the range of 3% to 4.2%. Wall Street had been expecting 5%, on average, for the quarter.
Over the past 52-week, the stock had traded within the range of $105.80-$171.99.
SUPERVALU INC. (NYSE:SVU) went down 0.37% and closed at $10.79. For the quarter ended Sept. 11, Supervalu this month said its profit, excluding charges, fell 20% from a year ago to $59 million, or 28 cents a share. Sales fell 8% to $8.7 billion.
Excluding charges, the Minnesota grocer said it expects to earn $1.40 to $1.60 a share. Its July 27 forecast was $1.75 to $1.95 a share. Supervalu pegged its identical store sales to fall 5.5%, compared to its previous target for a drop of 5%.
The stock went down more than 14% year-to-date.