Earnings roundup: Ebay, US Bancorp
Among the earnings stories for Wednesday, Jan. 19, from the Associated Press:— EBay Inc. said that its fourth-quarter revenue rose, as the healthy holiday shopping season bolstered growth in its PayPal online payments business and online marketplace.
— U.S. Bancorp said its fourth-quarter profit jumped 64 percent as it wrote off fewer bad loans. The bank said new lending of $65.6 billion was at its highest level since before the financial panic that began in late 2008.
— F5 Networks Inc. shares dropped 24 percent in extended trading after the maker of technologies for managing Internet traffic reported revenue that was slightly below analysts' expectations. The numbers raised the specter that F5 Networks has been hurt by some of the problems in government spending that networking heavyweight Cisco Systems Inc. recently warned about.
— Lee Enterprises Inc.'s stock fell, ending a four-day run that had boosted its price by 41 percent. The last day of the run followed a quarterly earnings report that showed a sharp increase in adjusted income for the newspaper publisher.
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