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Technology Sector Update for 05/15/2019: SUNW, JKS, TSEM, MSFT, AAPL, IBM, CSCO, GOOG


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Top Technology Stocks:

MSFT: -0.85%

AAPL: -0.86%

IBM: -0.16%

CSCO: -0.23%

GOOG: -0.13%

Tech giants were lower in Wednesday's pre-bell trading.

Stocks moving on news include:

(-) Sunworks ( SUNW ), which was slumping by more than 22% after i t report ed a Q1 net loss of $0.17 per share, wider than the $0.07 loss per share a year earlier and wider than the single-analyst forecast of a net loss of $0.03 per share, according to Capital IQ.

(-) JinkoSolar Holding ( JKS ) was down over 6% after the company priced its follow-on offering of 4 million American Depositary Shares at $16 per ADS. It also priced its concurrent private placement of $85 million in aggregate principal amount of senior notes due 2024.

(+) Tower Semiconductor ( TSEM ) was up more than 2% after it released its Q1 results and booked adjusted EPS of $0.30, lower than $0.31 per share last year but above the $0.29 average Street estimate.

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: SUNW , JKS , TSEM , MSFT , AAPL



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