Technology Sector Update for 11/29/2018: VEEV,BOX

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Technology stocks were softer in recent pre-market trading , with the shares of tech stocks in the S&P losing slightly more than 0.1% in value in the morning.

Among technology stocks moving on news:

(-) Veeva Systems ( VEEV ) fell more than 1.32% this morning after late Wednesday posting Q3 financial results exceeding Wall Street expectations. The cloud-computing company focused on the life sciences sector earned $0.45 per share, ex items, beating the Capital IQ consensus by $0.07 per share, while revenue grew 26.9% year over year to $224.7 million, also topping the $216 million analyst mean.

In other sector news:

(+) Box ( BOX ) gained over 4% during pre-market trading Thursday after the cloud content management company narrowed its non-GAAP Q3 net loss to $0.08 per share, improving on a $0.13 per share adjusted loss during the same quarter last year but still coming in a penny wider than the Capital IQ consensus. Revenue rose 21% over year-ago levels to $155.9 million, beating the $154.5 million Street view.

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: VEEV , BOX

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