Service Sector Stocks Ended Higher (EBAY, AMZN, SVU)

eBay Inc. (NASDAQ:EBAY) surged 3.22% to $28.07. Late Wednesday, 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 17% year-to-date. The stock opened at $27.25 and traded within the range of $27.20-$28.09. Amazon.com, Inc. (NASDAQ:AMZN) added 2.52% to $169.13. For the period ended Sept. 30, Amazon this week, 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 $91.70-$170.17. The stock made its fresh one-year high of $170.17. SUPERVALU INC. (NYSE:SVU) went up 2.37% and closed at $10.80. For the quarter ended Sept. 11, Supervalu 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.
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