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 12%, to $4.17 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 $5.58 a share to
$530.58, Facebook (FB) was up by $2.19 a share at $61.13 and Oracle
Corp. (ORCL) edged up by 16 cents a share to $40.23.
Netflix (NFLX) rose $1.26 share to $347.12 ahead of its
first-quarter earnings results, due after the close of trading.
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.
Chinese social-networking company Weibo Corp. (WB) put in
another strong market performance since going public on April 17,
as its shares rose more than 14% to $23.09.
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