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Tech Five: IBM, Netflix report earnings

Brett Molina
USA TODAY

Between economic turmoil in China and a parade of earnings reports, the next two weeks will likely be highly volatile for technology stocks. It all starts with Tuesday results from Netflix and IBM.

Netflix shares have been hands-down winners of the cord-cutting trend.

Let's look at tech stocks to watch Tuesday:

Netflix. January has not been fun for shareholders of the streaming media giant. Shares are down 9% for the month, following a year during which its stock price more than doubled. According to S&P Capital IQ Consensus Estimates, Wall Street forecasts earnings of 2 cents a share off revenue of $1.826 billion. But the big number to watch is Netflix's number of new subscribers during the fourth quarter.

IBM. Big Blue reports fourth quarter earnings after the markets close Tuesday. Analysts expect earnings per share of $4.81 and revenue of $22.085 billion, says S&P Capital IQ.

AMD. The chip maker also reports quarterly earnings Tuesday. AMD is forecast to report a loss of 10 cents a share off revenue of $954.71 million.

Twitter. The social network continues to recover from a huge overnight outage. Issues with Twitter were first reported around 3 a.m. ET, and the company says it's working towards a resolution.

Microsoft. The company announced it will acquire MinecraftEdu, a version of the hit game Minecraft aimed at students. The tech giant says it will offer an expanded version of the experience called Minecraft: Education Edition.

Follow Brett Molina on Twitter: @brettmolina23.

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