TECH STOCKS: AMD Climbs; Netflix Slips Ahead Of Earnings

By Rex Crum, MarketWatch

SAN FRANCISCO (MarketWatch) -- Advanced Micro Devices Inc., Apple Inc. and Facebook Inc. were among the gainers in the tech sector Monday, but many investors had their eyes on Netflix Inc. ahead of the online video-streaming company's quarterly results.

AMD (AMD) climbed more than 11%, to $4.11 a share. On Thursday, AMD reported a first-quarter loss of $20 million, but excluding one-time items, the chipmaker would have earned 2 cents a share on $1.4 billion in revenue. Analysts surveyed by FactSet had forecast AMD to break even on a per-share basis on sales of $1.34 billion.

Among tech bellwethers, Apple (AAPL)rose $3.16 a share to $527.96, Facebook (FB) was up by 86 cents a share at $59.77 and Oracle Corp. (ORCL) edged up by 4 cents a share at $40.12.

Netflix (NFLX), however, shed almost 2% to trade at $339.95. Analysts have forecast Netflix will earn 81 cents a share on $1.27 billion in revenue, and the company has estimated it will add 2.25 million new U.S. video-streaming customers during the quarter.

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