Bevy Of Q2 Earnings Continues: INTC, EBAY, AXP, QCOM & MAT

Looking for Q2 earnings results? You've come to the right place. After the bell today, we have seen plenty of earnings announcement activity, from Intel (NASDAQ:INTC) , American Express (NYSE:AXP) , Qualcomm (NASDAQ:QCOM) and eBay (NASDAQ:EBAY) . The overall positive narrative for the quarter at this stage continues, and late-market trading is appreciating thusly.

Intel posted a solid Q2 earnings beat after the bell today on in-line revenues: 59 cents per share topped the Zacks consensus of 53 cents on revenue estimates of $13.5 billion, slightly beneath the $13.53 billion expected. Revenue forecasts for Q3 rose to $14.9 billion from the $14.58 billion estimate. Good numbers, they don't really approach the Microsoft (NASDAQ:MSFT) quarter that reported yesterday. INTC shares were trading down 2.6% on the news. For more on Intel's Q2 earnings performance, click here.

American Express also outperformed expectations after the bell, putting up $2.10 per share on $8.24 billion. These numbers improved on the Zacks consensus $1.92 and $8.21 billion, respectively. Operating expenses were way down year over year, much of which was due to the $1 billion sale of the company's Costco (NASDAQ:COST) portfolio. AXP also reaffirmed guidance for fiscal 2016 and 2017, and the styock rose in late trading 2%.

Qualcomm brought a big beat for its fiscal Q3, posting earnings of $1.03, well ahead of the 83 cents of the Zacks consensus estimate. Revenues of $6.03 billion well outpaced the $5.55 billion expected. Guidance for fiscal Q4 rose to a range of $5.4-6.2 billion, pushing a high range beyond our consensus $5.76 billion. Qualcomm's balance sheet looks good, as well; QCOM shares shot up 6% upon the announcement. To read more on Qualcomm's Q3 earnings, please click here.

eBay's results met Zacks consensus expectations with earnings of 36 cents (accounting for stock-based compensation and other BNRI) and revenues of $2.23 billion, topping the $2.17 billion in sales, respectively. Gross merchandise volume beat exptactions, and the stock shot up 7% upon the company's Q2 earnings announcement. To read more on eBay's Q2 earnings, please click here.

(NASDAQ:MAT) earnings report accounted for here.

EBAY INC (EBAY): Free Stock Analysis Report

QUALCOMM INC (QCOM): Free Stock Analysis Report

AMER EXPRESS CO (AXP): Free Stock Analysis Report

MATTEL INC (MAT): Free Stock Analysis Report

INTEL CORP (INTC): Free Stock Analysis Report

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