Technology Sector Update for 10/24/2018: STM, TXN, IRBT, MSFT, AAPL, IBM, CSCO, GOOG

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Top Technology Stocks:

MSFT: +0.43%

AAPL: Flat

IBM: +0.11%

CSCO: -0.26%

GOOG: +0.30%

Technology stocks were inching higher early Wednesday.

Stocks moving on news include:

(-) STMicroelectronics ( STM ), which was trading 10% lower though the company reported Q3 results that improved year-over-year and beat expectations compiled by Capital IQ.

(-) Texas Instruments ( TXN ) was declining by over 6% after it reported Q3 earnings of $1.58 per share, up from $1.26 per share in the year ago quarter and in line with the analyst consensus on Capital IQ. Revenue was $4.26 billion, up 4% from the $4.11 billion posted a year ago but below the Street view of $4.3 billion.

(-) iRobot ( IRBT ) was more than 6% lower as it booked higher earnings in its fiscal Q3 and raised its FY18 revenue and earnings guidance.

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: STM , TXN , IRBT , MSFT , AAPL

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