Technology Sector Update for 05/08/2019: TWOU, DDD, EA, MSFT, AAPL, IBM, CSCO, GOOG

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Top Technology Stocks:

MSFT: -0.19%

AAPL: -0.42%

IBM: +0.24%

CSCO: -0.28%

GOOG: Flat

Most tech majors were trading lower pre-bell Wednesday.

Early movers include:

(-) 2U ( TWOU ), which was down nearly 20% after providing downbeat guidance for its current quarter. The company said in its Q1 earnings release that it anticipates Q2 adjusted net loss per share between $0.36 and $0.35 and revenue in the range of $124.3 to $125 million.

(-) 3D Systems ( DDD ) was down more than 16% after i t report ed Q1 net loss of $0.09 per share, compared with a loss of $0.03 per share in the year-ago quarter. Analysts polled by Capital IQ were expecting a net loss of $0.01 per share.

(+) Electronic Arts ( EA ) was nearly 8% higher after booking Q4 earnings of $0.69 per share, a decline from the $1.95 per share recorded in the year-ago quarter. Analysts polled by Capital IQ were expecting GAAP EPS of $0.59 per share and non-GAAP earnings of $0.97 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: TWOU , DDD , EA , MSFT , AAPL

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