Tech Five: HP begins trading as two companies
A PC stalwart begins Monday as two publicly-traded companies, while another round of tech earnings awaits Wall Street, highlighted by social networking giant Facebook.
Let's look at tech stocks to watch Monday:
Hewlett-Packard. The tech giant starts trading Monday as two separate companies: HP Inc., and Hewlett-Packard Enterprises. HP Inc. (HPQ) is responsible for the PC and printer businesses, while HP Enterprises (HPE) will sell hardware like servers to businesses.
Sprint. Shares of the wireless carrier are up slightly in pre-market trading after the company's chief executive said he wants to cut as much as $2.5 billion in operating expenses. According to The Wall Street Journal, Sprint is also planning layoffs, although how many employees a layoff may involve is unclear.
Facebook. The social network reports third-quarter earnings after the markets close Wednesday. Analysts are forecasting revenue of $4.37 billion with earnings of 52 cents a share. Investors will likely focus on how much money Facebook is spending. Last quarter, Facebook shares were dinged -- despite beating Wall Street estimates -- over concerns about the company's expenses.
Zynga. The social games company reports second quarter earnings after the bell on Tuesday. Forecasts project Zynga to report a loss of a penny per share off $169.94 million in revenue.
Etsy. The marketplace specializing in handcrafted items reports third quarter earnings this week. The company is expected to report $66 million in revenue with a loss of 6 cents a share. Last month, a big competitor -- Amazon -- entered Etsy's market with the launch of Handmade, a marketplace for handcrafted items.
Follow Brett Molina on Twitter: @brettmolina23.