Tech News: SanDisk (NASDAQ:SNDK), eBAY (NASDAQ:EBAY) and Microsoft Corp. (NASDAQ:MSFT)

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The shares of SanDisk (NASDAQ:SNDK) fell by 12.6 percent and came to $94.30 when the company’s third quarter’s position fell down below expectations. Where Thomson Reuters had predicted an EPS of $1.39 and revenues of $1.6 billion for the second quarter, the company exceeded the predictions by reporting revenues of $1.63 billion and EPS of $1.41. However, company’s gross margin for second quarter dropped to 48 percent, from a previous margin of 51 percent for the first quarter. The company expects revenues of $1.675 billion to $1.725 billion; however, the analysts’ estimates for the revenues are at $1.74 billion.

In the last trading session July 17, the company opened its stocks at $99.98 and closed at a reduced price of $93.21. The intraday range for company’s stocks was $91.83 to $100.00. SanDisk (NASDAQ:SNDK) has a market capitalization of 21.09 billion and a price to earnings ratio of 19.3.

Coming to eBay, the stocks of eBay (NASDAQ:EBAY) increased by 1.5 percent and reached the figures of $51.46 when the company posted its better than expected financial reports.

The analysts at Thomson Reuters predicted that the company will have total revenues of $4.38 million and an EPS of 68 cents. However, the company’s reported revenues were $4.37 billion; an increase of 13 percent can be seen on year to year basis. With such good numbers, the EPS of the company touched 69 cents.

Estimates are that the company’s revenue for the third quarter will reach $4.42 billion with an EPS of 70 cents, but the company expects an EPS of 65-67 cents and revenues of $4.3 to $4.4billion. The eBay’s expected annual revenues and annual EPS are aligned with the consensus, with EPS of $2.98 and revenues of $18.2 billion.

The second quarter was, no doubt, very spinning for eBay (NASDAQ:EBAY). For starters, in May, the company had to request its users for a password change due to some massive hacking activities targeted at company’s operation. Later on, the update of Google’s search algorithm affected eBay’s rankings badly. The company also had to fight with Carl Icahn, an activist investor in the company’s stocks, over the spinning off of PayPal.

The company, on the last trade day, July 17, opened its stocks at a price of $51.10 and closed at a price of $51.03, after hitting the highest figures of $51.84. The company has a market capitalization of 64.66 billion.

Coming to the stocks of Microsoft Corp. (NASDAQ:MSFT), the company saw an increase of 2.9 percent in its stock prices following the announcement of 18,000 layoffs. On July 17, the company disclosed that it is cutting back on its work force. Over the 39 years long history of Microsoft Corp. (NASDAQ:MSFT), the company has cut down this many jobs for the very first time.

The company, in last trading session, opened its stocks at $45.45 and closed at $44.53, after hitting the highest figures of $45.71. The company has a market capitalization of 367.84 billion and a price to earnings ratio of 16.7.

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