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Business, technology and wealth news: EBay's Profit Jumps 40%, Raises Forecasts.
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The raised forecasts bring the OBR into line with other forecasters.
The stock fell 3.7percentt because MMO2 did not raise forecasts, analysts said.
July's gain in inventories was enough for some economists to raise forecasts slightly for third- quarter G.D.P., although others said the drop in sales negated the boost.
The Society of Motor Manufacturers and Traders said new car sales rose by 6.6% in July, prompting it to raise forecasts for the full year.
C7 Optimism Among Chip Makers Intel and Advanced Micro Devices raised forecasts for the current quarter, saying their microprocessors that power personal computers were selling better than expected.
The reported financial results and the raised forecasts sent Baidu's shares up 8.68% at $473 in after-hours trading.
Coca-Cola shares also saw a bit of a boost after a Merrill Lynch analyst raised forecasts for the company for 2006, 2007 and 2008 earnings.
More importantly was its raised forecast and CEO Fred Smith's Fred Smith's bullishness.
The purpose is to raise forecasting accuracy, by avoiding the influence of fluctuation and abnormal amplitude.
The seemingly disappointing figure was somewhat redeemed by a 10% increase in employee benefits and salaries, an encouraging sign, and its raised forecast.
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