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eBay beats earnings; Southwest Airlines suffers outage; General Motors more than doubles profit

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Intel (INTC) – The company’s earnings beat analysts’ expectations but its revenue from its data center and Internet of Things segments missed Wall Street expectations. Intel also announced that its total number of employees has decreased by 6,000 from the first quarter as part of its restructuring efforts.

eBay (EBAY) – The company reported adjusted earnings per share of 43 cents on revenue of $2.23 billion, beating Wall Street estimates on both the top and bottom lines. eBay also raised its full-year guidance and now expects revenue for 2016 to be between $8.85 billion and $8.95 billion.

Southwest (LUV) – The airline reported second-quarter sales that missed expectations and issued a downbeat outlook. Southwest posted earnings per share of $1.19, missing analysts’ estimates by 2 cents, on revenue of $5.38 billion.

Chipotle (CMG) – The Mexican food chain is scheduled to report second–quarter earnings after the bell Thursday. Wall Street is expecting earnings per share of 91 cents and a 20% decrease in same-store sales compared to one year ago.

Starbucks (SBUX) – The coffee giant is expected to report third-quarter earnings on Thursday after the bell. Wall Street will be looking for more details on Starbucks’ loyalty program and its push into China. Analysts are expecting adjusted earnings per share of 49 cents on revenue of $5.33 billion.

General Motors (GM) – The auto giant’s second-quarter profit more than doubled to $2.87 billion, boosted by a strong performance in the U.S. General Motors also raised its full-year guidance for earnings per share by 25 cents to $5.50 to $6.