Technology Sector Update for 01/17/2019: PLXS, TSM, GOOG, GOOGL, MSFT, IBM, CSCO, AAPL

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Top Technology Stocks:

MSFT: -0.28%

AAPL: -0.57%

IBM: -0.84%

CSCO: -0.27%

GOOG: -0.17%

Technology stocks were retreating pre-market Thursday.

Stocks moving on news include:

(-) Plexus ( PLXS ), which was down more than 5% after i t report ed financial results for fiscal Q1, with better-than-expected earnings and revenue that fell short of analysts' estimates; it also provided guidance for fiscal Q2 in line with Street forecasts.

In other sector news:

(-) Taiwan Semiconductor Manufacturing ( TSM ) was 2% lower as it reported Q4 adjusted earnings of TWD3.86 per share, or $0.63 per ADS, up from TWD3.83 in the same period a year ago and topping the estimate of TWD3.82 from analysts polled by CapIQ.

(-) Alphabets (GOOG, GOOGL) was slightly lower after Google announced that it is raising the prices of the basic and business editions of its G Suite set of productivity and collaboration tools for the first time.

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: Technology , Commodities
Referenced Symbols: PLXS , TSM , GOOG , GOOGL , MSFT

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