Technology Sector Update for 11/05/2018: SOGO, CYOU, STM, MSFT, AAPL, IBM, CSCO, GOOG

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Top Technology Stocks:

MSFT: -0.75%

AAPL: -1.58%

IBM: +0.32%

CSCO: +0.33%

GOOG: -0.26%

Technology stocks were mixed in early Monday trading.

Early movers include:

(-) Sogou ( SOGO ), which was declining more than 6% after the company reported financial results for Q3, with better-than-expected earnings and revenue that fell short of analysts' estimates; it also provided revenue guidance for fiscal 2018 below Street estimates.

(+) Changyou.com ( CYOU ) was higher by more than 5% as it swung to a profit in Q3 and provided the outlook for Q4.

(-) STMicroelectronics ( STM ) was down by over 2% after it announced a share repurchase program of up to $750 million to be carried out over the next three years.

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: SOGO , CYOU , STM , MSFT , AAPL

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