Tech Five: Sony shares jump off forecast
Sony's stock price is on the rise following its latest quarterly earnings results. Let's look at the five technology stocks to watch Wednesday:
Sony. Shares of the electronic giant jumped 7.5% in pre-market trading after reporting an improved forecast for the fiscal year. The company says it expects to lose $1.4 billion during the fiscal year, lower than they originally expected.
Take-Two Interactive. Shares of the video game publisher sunk nearly 2% despite beating Street estimates on revenue and profits as well as raising its fiscal year guidance. The Wall Street Journal reports Take-Two forecasts earnings per share of $1.65 to $1.75 off $1.65 billion to $1.7 billion in revenue.
Apple. A mystery van has created buzz that Apple may make a leap into creating self-driving cars. CBS affiliate KPIX reports a van leased by Apple with an apparatus on the roof has been spotted several times in the area, and could hint at Apple's plans to test self-driving cars.
Twitter. The social network confirmed promoted tweets that currently appear on users' feeds will now pop up on other websites and apps. News sent shares surging more than 6% Tuesday. As of Wednesday pre-market trading, Twitter shares are up 1.5%.
Alibaba. The e-commerce giant is taking a page from Amazon's playbook, and testing out drone use for delivery, reports the website Tech in Asia.
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