Tech Five: Etsy shares surge off earnings

Craft marketplace Etsy is on the move off its quarterly results, while tech company Zynga prepares to report financial results after the bell.

Let's look at tech stocks to watch Wednesday:

Etsy. Shares jumped in pre-market trading after the company reported a profit of $1.2 million during the first quarter. Earnings were a penny a share, beating Wall Street forecasts of a loss of 3 cents, according to S&P Global Market Intelligence. Revenue hit $81.84 million, also topping estimates.

Zynga. The social games company reports first quarter results Wednesday, the first under new CEO Frank Gibeau. Analysts are projecting a loss of a penny per share on $171.85 million in revenue.

Shopify. The commerce site beat the Street with first quarter earnings Wednesday, with a loss of 6 cents a share. Forecasts had called for a loss of 9 cents. Meanwhile, revenue surged 95% compared to the same time last year.

Priceline Group. The online travel company topped estimates on revenue and earnings for the first quarter. But as CNBC notes, the company fell short on its second quarter forecast.

Apple. The tech giant lost a court battle in China over the use of the iPhone name. According to The Associated Press, a Chinese company registered the name for use on handbags and other goods.

Follow Brett Molina on Twitter: @brettmolina23.