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Technology Sector Update for 01/31/2019: FLEX, FB, IIVI, MSFT, AAPL, IBM, CSCO, GOOG


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Top Technology Stocks:

MSFT: -2.71%

AAPL: +0.64%

IBM: +0.08%

CSCO: +0.51%

GOOG: +1.22%

Most technology stocks were gaining in Thursday's pre-bell trading.

Early movers include:

(+) Flextronics International ( FLEX ), which was up more than 11% as its adjusted EPS rose to $0.34 in Q3 from $0.31 a year earlier, beating analysts' estimates of $0.30 in a Capital IQ poll.

(+) Facebook ( FB ) was 10% higher after its reported better-than-expected results for its fourth quarter, which were bolstered by double-digit growth in advertising revenue.

(+) II-VI ( IIVI ) was gaining more than 11% in value after booking fiscal Q2 adjusted earnings of $0.71 per share, which is a 34% increase from $0.53 per share in the comparable period a year ago. The result also topped the Street estimate of $0.67 per share.

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: FLEX , FB , IIVI , MSFT , AAPL




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