Technology Sector Update for 02/06/2019: ARLO, SNAP, TTWO, MSFT, AAPL, CSCO, IBM, GOOG

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Top Technology Stocks:

MSFT: -0.21%

AAPL: +0.33%

IBM: -0.11%

CSCO: -0.11%

GOOG: +0.04%

Most technology stocks were lower pre-bell Wednesday.

Early movers include:

(-) Arlo Technologies ( ARLO ), which was slumping by 28% after the company reported financial results for Q4, with a narrower-than-expected loss and revenue that topped analysts' forecasts; it also provided guidance for Q1 and fiscal 2019.

(+) Snap ( SNAP ) was up more than 21% after its Q4 non-GAAP net loss narrowed to $0.04 per share from a loss of $0.13 a share a year earlier, better than the consensus on Capital IQ for a loss of $0.08.

(-) Take-Two Interactive Software ( TTWO ) was falling almost 9% as it came off a trading halt after the company reported financial results for fiscal Q3, with revenue that fell short of analysts' expectations; it also provided guidance for fiscal Q4 below Street estimates.

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: ARLO , SNAP , TTWO , MSFT , AAPL

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