Technology Sector Update for 01/23/2019: IBM, TEL, TDY, MSFT, AAPL, GOOG, CSCO

Shutterstock photo

Top Technology Stocks:

MSFT: +0.51%

AAPL: +0.59%

IBM: +6.92%

CSCO: +0.69%

GOOG: +0.55%

Tech stocks were rallying in Wednesday's pre-bell trading.

Early movers include:

(+) International Business Machines ( IBM ), which was more than 7% higher as it posted better-than-expected earnings for its fourth quarter and full year guidance which surpassed analysts projections as sales growth in its Cognitive Solutions business segment partially offset a decline in its technology services and cloud platform segment. The company reported Q4 adjusted earnings of $4.87 per share.

(-) TE Connectivity ( TEL ) was down more than 4% after reporting fiscal Q1 adjusted earnings of $1.29 per share, down from $1.42 in the comparable period a year ago but topping the $1.28 estimate from analysts polled by Capital IQ.

In other sector news:

(=) Teledyne Technologies ( TDY ) was unchanged as it booked Q4 GAAP earnings of $2.45 per diluted share, up from $1.84 per share a year ago and also above the $2.18 average estimate from analysts polled by Capital IQ.

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: IBM , TEL , TDY , MSFT , AAPL

More from MT Newswires


MT Newswires

MT Newswires

Market News, Commodities

Research Brokers before you trade

Want to trade FX?