Tech Wrap: IBM, Sandisk please investors; Intel, eBay drop back

wochit news
July 17, 2013 AT 7:23 PM
It?s the first big earnings day in tech world, and the market is already separating the winners from the losers. Sandisk reported a 43% jump in second-quarter revenue, and adjusted earnings per share of $1.21 beat expectations of $1.10. Its stock jumped 7% in after-hours trading. Bigger names didn?t fare as well. Intel and eBay projected slow or no revenue growth for the rest of the year. Shares of Intel dropped 4% after-hours, while eBay fell 6%.