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Tech stocks to watch in May: Alibaba, Zynga, GoDaddy

Brett Molina
USA TODAY

And you thought April was a big month for tech earnings.

Pedestrians pass by the New York Stock Exchange on the day of Alibaba's initial public offering, Sept. 19, 2014, in New York.

Granted, the major players in the tech business already reported quarterly earnings in April, including Apple, Google and Microsoft. And there have been some blowups in smaller stocks such as LinkedIn, Yelp and GrubHub after those companies didn't deliver quite what Wall Street expected.

But May boasts its own selection of big names preparing to report earnings, between one tech giant, another company transitioning back to its founder as CEO and a third prepping its first earnings report since going public.

Here are five earnings reports to watch in May:

•Alibaba. The Chinese e-commerce company is forecast to report fourth-quarter revenue of $2.74 billion with earnings of 44 cents per share, according to analyst projections from FactSet. Shares of Alibaba have slid from a six-month high of $119 in November to $85.10, a 28% plunge.

•Zynga. The social games company reports earnings for the first time since the surprise departure of CEO Don Mattrick, with founder Mark Pincus returning to the helm. During his tenure, Mattrick helped the company transition to a mobile-dominant profile, with the bulk of their revenue coming from mobile games. Zynga is projected to report a loss of 2 cents a share off $150 million in revenue.

•GoDaddy. The Web hosting service's first-quarter report is the first since launching its initial public offering in April at $17 to $19 a pop. It's now hovering around the $26 mark.

•Groupon. How will the daily deal site's numbers look following the sale of a chunk of its stake in Ticket Monster? Last month, the company sold a portion of the stake for $360 million in cash, part of which will go toward a share buyback plan. Groupon is expected to report revenue of $767 million with earnings of 2 cents a share.

•Zulily. Shares of the e-commerce site have plummeted since hitting a six-month high of $36.88 in November. The stock is now around $13, well below even IPO prices. One big reason: February projections for the first quarter missed expectations. Zulily is forecast to report a loss of 4 cents a share off $313 million in revenue.

Follow Brett Molina on Twitter: @brettmolina23.

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