Tech Five: Electronic Arts surges off earnings
Video game publisher Electronic Arts is scoring big on Wall Street Wednesday. Let's take a look at the technology stocks to watch:
Electronic Arts. Shares are up nearly 5% in pre-market trading after the publisher beat estimates for the fourth quarter. EA reported revenue of $1.18 billion for the quarter, citing its sports lineup and the March launch of first-person shooter Battlefield: Hardline.
Groupon. Shares of the daily deals service slipped nearly 2% after reporting mixed results for the first quarter. While the company topped earnings estimates with 3 cents a share, Groupon fell short on revenue, ending the quarter with $750.4 million. Analysts projected revenue of $817 million.
Facebook. The social network's virtual reality business Oculus confirmed it will being shipping headsets during the first quarter of 2016. Pre-orders will arrive later this year.
Salesforce.com. Shares are still headed upward off a report that Microsoft is weighing a bid for the cloud computing company. According to Bloomberg, Microsoft is considering a bid after an unidentified potential buyer stepped forward.
Nokia. Three German car makers are preparing to make a bid for the telecom's Here mapping unit, reports The Wall Street Journal. Shares of Nokia jumped 3.5%.
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