Tech Five: Adobe to report earnings this week
Software company Adobe will report fourth quarter and fiscal year earnings after the markets close on Thursday. Meanwhile, electronics giant Sony made a key acquisition.
Let's look at tech stocks to watch Monday:
Adobe. Analysts project the software company will report fourth-quarter revenue of $1.31 billion with earnings of 60 cents a share. Last quarter, Adobe shares dipped after the company revised its fourth-quarter outlook lower.
Sony. The company announced it will buy Toshiba's image sensor business for $155 million. According to The Verge, the deal will be complete within the fiscal year ending March 31.
Yahoo. Wall Street waits while the media company explores what to do with its Internet businesses as well as whether to press forward with the spinoff of its stake in Alibaba. The company is expected to continue the planned spinoff and sell its stake in Yahoo Japan.
Amazon. The online marketplace has started selling its Fire tablet in China. Amazon says it's partnering with Chinese Internet firm Baidu on the tablet's search, apps and online video experience.
Verizon. The wireless carrier will introduce Wi-Fi calling to its smartphones starting this week with the Samsung Galaxy S6 and S6 Edge. Additional Android and iOS devices will receive an update supporting Wi-Fi calling early next year.
Follow Brett Molina on Twitter: @brettmolina23.