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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.

Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.





This article appears in: Technology , Commodities
Referenced Symbols: TWOU , DDD , EA , MSFT , AAPL



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