By Rex Crum, MarketWatch
SAN FRANCISCO (MarketWatch) -- Advanced Micro Devices Inc.,
Apple Inc. and Facebook Inc. were among the gainers in the tech
sector Monday, but many investors had their eyes on Netflix Inc.
ahead of the online video-streaming company's quarterly
results.
AMD (AMD) climbed more than 11%, to $4.11 a share. On Thursday,
AMD reported a first-quarter loss of $20 million, but excluding
one-time items, the chipmaker would have earned 2 cents a share on
$1.4 billion in revenue. Analysts surveyed by FactSet had forecast
AMD to break even on a per-share basis on sales of $1.34
billion.
Among tech bellwethers, Apple (AAPL)rose $3.16 a share to
$527.96, Facebook (FB) was up by 86 cents a share at $59.77 and
Oracle Corp. (ORCL) edged up by 4 cents a share at $40.12.
Netflix (NFLX), however, was off by $1.40 a share to trade at
$344.27. Analysts have forecast Netflix will earn 81 cents a share
on $1.27 billion in revenue, and the company has estimated it will
add 2.25 million new U.S. video-streaming customers during the
quarter.
More tech news from MarketWatch:
Tech trouble: Stocks fall as investors want profits
Apple, Google vie to offer exclusive game apps
Subscribe to WSJ: http://online.wsj.com?mod=djnwires