By Rex Crum, MarketWatch
SAN FRANCISCO (MarketWatch) -- Tech stocks were mixed Monday,
with Twitter Inc. slipping ahead of its quarterly results and GoPro
Inc. losing more ground in the wake of a negative new analyst view
of the digital-camera company.
Twitter (TWTR) shares were off by 34 cents at $49.64 in advance
of the social-media company's third-quarter results, due after the
close of trading. Analysts surveyed by FactSet are expecting
Twitter to earn a penny a share, excluding one-time items, on
revenue of $351 million for the quarter to end-September.
GoPro stock (GPRO) gave up more than 5%, to fall to $67.54
extending its 10% loss from Friday following a bearish note.
Oppenheimer analyst Andrew Uerkwitz initiated coverage of GoPro
with an underperform, or sell rating, and a $45-a-share price
target. The analyst said that while GoPro has been successful so
far, the company will find it challenging to expand its market
beyond action sports and adventure video-capturing.
Facebook Inc. (FB) shares shed 27 cents to $80.41 ahead of the
company's third-quarter results, due after Tuesday's market
close.
Amazon.com Inc. (AMZN) rose $1 a share to $288.06. Before the
market opened, Amazon unveiled its new Fire Stick, a TV dongle that
is a condensed version of the Fire TV set-top box. The Fire Stick
will cost $39 and is meant to be a competitor to similar devices
from Google and Roku.
Among tech-sector leaders, Apple Inc. (AAPL), Yahoo Inc. (YHOO),
Micron Technology Inc. (MU) and Google Inc. (GOOGL) were all
higher.
The tech-heavy Nasdaq Composite Index (RIXF) fell almost 12
points to 4,471 and the Philadelphia Semiconductor Index (SOX) was
also in the red.
Subscribe to WSJ: http://online.wsj.com?mod=djnwires