Tech Five: Adobe to report earnings
Software company reports quarterly earnings after the markets close Thursday, while Apple CEO Tim Cook is speaking up again about its battle with the Federal Bureau of Investigation.
Let's look at tech stocks to watch:
Adobe. According to analyst estimates from S&P Global Market Intelligence, Adobe is expected to report first quarter revenue of $1.34 billion with earnings of 61 cents a share. Last quarter, Adobe reported a record $1.31 billion in fourth quarter revenue.
Apple. Chief executive Tim Cook continues his defense of Apple's stance over an encrypted iPhone used by a killer in the San Bernardino, Calif., shootings. In a new interview with Time magazine, Cook renews his push for Congress to debate the issue. "On the larger issue of encryption and back doors, to me that is a Congressional topic, because it has huge implications across many different areas," he says.
Microsoft. The tech giant's Xbox One video game console will be able to run Windows 10 apps starting this summer, reports Business Insider.
Facebook. Virtual reality company Oculus says it will launch 30 games for its Rift headset when it becomes available March 28. More than 100 games are expected to hit Oculus Rift during the year.
Intel. The chip maker says it will not build its own virtual reality headset, instead teaming up with partners to help boost PC sales.
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