Sector Update: Technology

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Technology stocks are higher today, with shares of related companies in the S&P 500 rising 1.6%, helped by an 13.7% gain for Google ( GOOG ) after the search-engine giant reported Q3 earnings that topped analyst expectations by $0.37 per share.

In company news, German 3-D printer company Voxeljet AG ( VJET ) is up sharply in its market debut, currently trading nearly 103% higher at $26.38 a share after earlier pricing its initial public offering of 6.5 million shares at $13 apiece, generating around $84.5 million in gross proceeds.

VJET hits the market at a particularly hot time for 3-D printer companies, with rivals ExOne ( XONE ), 3D Systems ( DDD ) and Stratasys ( SSYS ) all enjoying stellar years with their stock prices as 3D printing becomes more popular and mainstream.

In other sector news,

(-) RMBS, (-1.35%) Q3 earnings of $0.15 per share top estimates by $0.04. Revenue climbs 27.5% compared to the quarter last year to $73.3 mln, exceeding the consensus view by $2.21 mln.

(-) AMD, (-12.5%) Chip-maker reports first quarterly profit in nearly two years but outlook for the current quarter is less optimistic than analysts were expecting.



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

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This article appears in: Investing , Commodities

Referenced Stocks: DDD , GOOG , SSYS , VJET , XONE

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