eBay earnings on tap
eBay (EBAY) is scheduled to report earnings after the bell on Wednesday. Wall Street will be watching to see if the e-commerce giant’s marketing campaign is bringing more customers to its site. eBay added two incentives over the past few months to better compete with rivals: price matching and guaranteed three-day delivery. Analysts are expecting earnings per share of 48 cents on revenue of $2.37 billion. eBay’s stock is up 27.6% so far this year.
Ford recalls 1.3 million trucks
Ford (F) is recalling 1.3 million F-150 and Super Duty trucks in North America due to a latch problem with its side doors. Ford estimates it will cost the company $267 million to fix the issue. The recall affects select 2015 to 2017 model year trucks.
Apple Watch 3 could be a ‘game changer’ – GBH Insights
The results of a survey by GBH Insights found the new Apple (AAPL) Watch is gaining traction and could be a “game changer” for the tech giant in the wearables market. According to the report, 70% of people buying a Series 3 haven’t owned an Apple Watch in the past, and about 80% of consumers polled said they were interested in buying the LTE/cellular version. Apple shares are up more than 38% so far this year.
IBM shares jump on earnings beat
Wall Street’s shaking off IBM’s (IBM) 22nd quarter in a row of declining revenue and focusing on the fact that the company beat analysts’ estimates on both the top and bottom lines in the third quarter. IBM posted earnings of $3.30 a share on revenue of $19.15 billion. Analysts were expecting a profit of $3.28 and sales of $18.6 billion. IBM was last trading up 9.4% at $160.26 a share.