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Technology Sector Update for 11/07/2018: MB, MTCH, TWLO, MSFT, AAPL, IBM, CSCO, GOOG


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Top Technology Stocks:

MSFT: +1.24%

AAPL: +0.87%

IBM: +0.71%

CSCO: +1.18%

GOOG: Flat

Technology stocks were climbing in early Wednesday trading.

Stocks moving on news include:

(-) MINDBODY ( MB ), which was down by more than 24% after it booked a Q3 non-GAAP net loss of $2.5 million, or a $0.05 loss per share, sinking from the non-GAAP net income of $695,000, or $0.01 earnings per share, in the year-ago quarter, but bested consensus estimates of a $0.07 loss per share.

(-) Match Group ( MTCH ) was declining by more than 8% as it posted adjusted Q3 net income of $0.39 per share, more than doubling its $0.19 per share non-GAAP profit during the same quarter last year and beating analyst estimates by $0.03 per share.

(+) Twilio ( TWLO ) was gaining more than 16% after the cloud communications platform guided for upbeat earnings and revenue for its current quarter while reporting results that topped Wall Street expectations for the most recent quarter.

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: MB , MTCH , TWLO , MSFT , AAPL



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