Top Tech Stocks
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 (
) 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 (
) 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 (
), 3D Systems (
) and Stratasys (
) 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.
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