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Tech stocks: Microsoft's turn to share earnings

Brett Molina, USA TODAY
Microsoft CEO Steve Ballmer gives his presentation at the launch of Microsoft Windows 8, in New York last October.

The tech earnings carousel continues to spin, and it's Microsoft's turn to hop aboard. Here's a look at the tech stocks to watch this morning:

Microsoft earnings come to Surface. The Redmond, Wash. company releases second-quarter earnings when the markets close Thursday, and there will likely be plenty of questions. How well is the Windows 8 operating system selling? Is the new Surface tablet catching on? And what about all this talk of investing in a buyout of personal computer maker Dell?

Whatever happens, it's likely Microsoft stock will be very active in after-hours trading. The stock sits at $27.74 as the markets get ready to open.

Apple slammed. One would think selling a record number of smartphones and tablets in a quarter might help your stock's value. Not so for Apple, as shares have shed more than $50 after releasing first-quarter results.

During the holiday shopping season, the company sold 47.8 million iPhones and 22.9 million iPads, both internal records. However, those iPhone numbers fell short of the 48.3 million projected by analysts. Apple stock opens down nearly 11% at $459.83 after closing Wednesday at $514.

Netflix roars. Shares for the streaming video and DVD rental company have exploded, up 38% to $142.79. Netflix surprised Wall Street with a boost in profits during the fourth quarter, while revenue jumped nearly 8%.

It seems Netflix has its mobile audience to thank. The positive earnings results were attributed to the growing number of new customers for its streaming video service, which is available on multiple smartphones and tablets. The company says it added 10 million new customers worldwide in 2012.

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