Technology Sector Update for 12/01/2016: MSFT, AAPL, IBM, CSCO, GOOGL, XCRA, TWTR


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Top Technology Stocks:

MSFT: -0.1%

AAPL: -0.4%

IBM: -0.1%

CSCO: +0.6%

GOOGL: +0.02%

Technology shares were mostly weaker in pre-market trade on Thursday.

In technology stocks news, Xcerra ( XCRA ) was down marginally after it reported fiscal Q1 adjusted net income of $0.01 per share, compared to a net loss of $0.01 per share in the prior year period. The Street consensus provided by Capital IQ called for a breakeven. Net sales for the quarter ended Oct. 31 were $80.1 million, up from $78.4 million reported for the same period last year but fell short of the $82 million Street estimate. For Q2, the company expects to generate non-GAAP net loss of $0.04 to $0.00 per share on net sales of between $77 million and $81 million. The Street consensus calls for a net loss of $0.03 per share on sales of $77.7 million.

And, Twitter ( TWTR ) and the Philippine telecommunications provider Globe Telecom said Thursday they have reached an advertising collaboration for the National Basketball Association's two live exclusive programs streamed on Twitter, and for custom NBA highlights on Twitter in the Philippines. Twitter said the collaboration strengthens its live-stream strategy in the region, and that Globe is its first official live-stream advertising partner in Asia. TWTR shares were up 0.5%.

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

Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.



This article appears in: Technology , Commodities
Referenced Symbols: XCRA , MSFT , AAPL , IBM , CSCO


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