Technology Sector Update for 01/16/2019: EFII, SNAP, EA, MSFT, AAPL, CSCO, IBM, GOOG

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Top Technology Stocks:

MSFT: +0.23%

AAPL: -0.05%

IBM: +0.1%

CSCO: +0.18%

GOOG: +0.08%

Technology stocks were advancing in Wednesday's pre-bell trading.

Stocks moving on news include:

(-) Electronics for Imaging ( EFII ), which was declining more than 26% after saying it expects Q4 non-GAAP earnings in the range of $0.45 to $0.47 per share, below the analyst consensus of $0.60 per share on Capital IQ. Revenue is seen in the range of $255 to $257 million, vs. Street estimates of $280 million.

(-) Snap ( SNAP ) was down more than 12% after the company said in a regulatory filing it expects Q4 revenue and adjusted EBITDA results to be slightly favorable to the top end of its previously reported quarterly guidance ranges for each.

In other sector news:

(-) Electronic Arts ( EA ) was over 1% lower after reports that it has ceased the development of an open-world game based on the Star Wars universe.

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: EFII , SNAP , EA , MSFT , AAPL

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