Financial Sector Update for 02/07/2019: USAT, IRBT, TWTR, MSFT, AAPL, CSCO, IBM, GOOG

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Top Technology Stocks:

MSFT: -0.78%

AAPL: -1.06%

IBM: -1.63%

CSCO: -0.80%

GOOG: -0.78%

Technology stocks were declining pre-bell Thursday.

Stocks moving on news include:

(-) USA Technologies ( USAT ), which was sinking by more than 44% after saying in a regulatory filing that its audit committee has completed its internal investigation and identified several audited statements that were deemed "unreliable." The disputed financial statements pertain to the fiscal year ended June 2017 and for the September 2017, December 2017 and March 2018 quarters.

(+) iRobot ( IRBT ) was 13% higher as i t report ed Q4 earnings of $0.88 per share, including $0.04 per share for a tax benefit, up from a year ago profit of $0.16 per share, and well ahead of the analyst consensus of $0.58 per share, if comparable. Revenue was $384.7 million, up from $326.9 million last year and topping the Street view of $382 million.

(-) Twitter ( TWTR ) was declining by more than 6% after booking Q4 adjusted earnings of $0.31 per share compared to $0.19 per share in the same period a year ago. Capital IQ analysts were expecting adjusted EPS of $0.24.

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

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This article appears in: Investing , Banking and loans
Referenced Symbols: USAT , IRBT , TWTR , MSFT , AAPL

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