Tech Five: T-Mobile shares jump off earnings
Wireless carrier T-Mobile is off to a fast start on Wall Street. Let's take a look at the technology stocks to watch Thursday:
T-Mobile. Shares of the wireless carrier are up 3.7% in pre-market trading after beating forecasts on earnings for the fourth quarter. The company reported earnings per share of 12 cents, beating estimates of 5 cents. T-Mobile also reported total revenues were up 19% compared to last year,
Priceline Group. Shares of the travel company jumped 9% after reporting a 22% bump in non-GAAP net income for the fourth quarter. The company reported earnings per share of $10.85, beating estimates compiled by FactSet.
Apple. The tech giant faces a lawsuit from battery maker A123 Systems, reports Reuters, accusing them of poaching engineers to build a battery division. Citing an unnamed source, the report says Apple is poaching employees with expertise in car systems.
DirecTV. The satellite TV provider stock price remains flat in early trading after reporting fourth quarter earnings. The company reported revenue of $8.92 billion, a bump of 4% compared to the same time last year.
Sony. The electronics giant says it plans to spin off its video and sound division -- which includes cameras and music players -- to shift more focus on thriving businesses, including the PlayStation brand.
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