Tech Earnings After the Bell: Intel, eBay, Qualcomm
Thursday, July 21, 1:26 PM ET

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Adjusted earnings of $0.59 per share exceeded analyst expectations.

A fifth consecutive quarter of record revenue, with a 21% gain to $13 billion, exceeded expectations as well.

Intel said it is now looking for revenue of $13.5 billion to $14.5 billion in the third quarter, better than analysts have forecast at the high end.

Also late yesterday, eBay (NASDAQ:EBAY) said its second quarter earnings fell to $$283.4 million, or $0.22 per share, from $412 million, or $0.31 per share, last year.

Adjusted earnings of $0.48 per share exceeded analyst forecasts, as did a 25% increase in revenue, to $2.76 billion.

And, Qualcomm (NASDAQ:QCOM) reported a gain in third quarter earnings to $1.04 billion, or $0.61 per share, from $767 million, or $0.47 per share, last year.

Adjusted earnings of $0.73 per share were ahead of analyst expectations, as was a 34% increase in revenue, to $3.62 billion.

The cell phone chipmaker raised its full year 2011 guidance for adjusted earnings in a range of $3.15 to $3.20 per share.

These stocks are major components for some tech ETFS.

The Semiconductor HOLDRS is trading down slightly Thursday.

Intel (NASDAQ:INTC) is the top holding in the Proshares Ultra Semiconductor Fund (AMEX:USD), which is trading down 1.4% Thursday.

The iShares PHLX SOX Semiconductor Sector Index Fund (NASDAQ:SOXX) is trading flat.

Qualcomm is 62% of the Broadband HOLDRS (BDH) ETF, which is trading down about 2% Thursday.

And, eBay is the #2 stock in the Internet HOLDRS (HHH) fund, behind Amazon.com (AMZN). The Internet HOLDRS is trading up over .8% Thursday.

For MarketNewsVideo.com, I’m Sayoko Murase.