Technology Sector Update for 07/25/2018: WIX,GLW,VOD

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Technology stocks were advancing Wednesday afternoon, with shares of tech stocks in the S&P 500 adding more than 0.7% while the Philadelphia Semiconductor Index was rising more than 0.3%.

Among technology stocks moving on news:

+ Wix.com ( WIX ) was almost 3% higher this afternoon, staying within close range of its intra-day high, after the internet content creator Wednesday reported better-than-expected Q2 financial results and raised its FY18 revenue outlook. Excluding one-time items, it earned $0.29 per share, beating the Capital IQ consensus by $0.15 per share. Revenue grew to $146.1 million from $103.5 million last year, also the $144.8 million analyst mean.

In other sector news:

- Corning ( GLW ) has pushed out to a more than 8% gain Wednesday after the company reported a 3% drop in its core Q2 profit to $0.38 per share but still exceeding the Capital IQ consensus by $0.01 per share. Cores sales gained 9% to $2.8 billion, also topping the Street view by $130 million. It also sees FY18 sales rising to $11.3 billion, up from $11 million previously, surpassing the $11.02 billion analyst mean.: beats Q2 estimates, boosts FY sales outlook above Street

- Vodafone ( VOD ) dropped to within 3 cents of its 52-week low on Wednesday, falling almost 2% to $23.26 per American depository share, after its fiscal Q1 sales slipped to EUR10.9 billion, or about $12.7 billion, from EUR11.74 billion in the year-ago period. No analyst estimates were available for comparison.

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: WIX , GLW , VOD

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