Markets

Sector Update: Technology Higher in Pre-Market as Microsoft's Earnings Impress Investors

Top Technology Stocks:

MSFT: +5.96%

AAPL: -0.08%

IBM: +0.22%

CSCO: +0.38%

GOOG: +0.08%

Technology shares are generally higher in pre-bell trading as Microsoft ( MSFT ) reports earnings. MSFT is up about 6% in pre-bell trade after it reported 7% year-over-year growth in revenue for the first quarter.

In other technology earnings news, Maxwell Technologies ( MXWL ) reports Q3 EPS of $0.23 on revenues of $51.2 million, beating Capital IQ estimates of $0.12 per share in earnings.

And, Shutterfly ( SFLY ) has acquired BorrowLenses, a camera equipment renter, for undisclosed terms.

Finally, shares of Alliance Fiber Optic Products Inc. ( AFOP ) jumped in Friday's premarket session, after the supplier of fiber-optic components reported its third-quarter earnings nearly tripled on a jump in revenue and projected similar sales for the fourth quarter.

The shares are up more than 13% at $19.86. They have a 52-week range of $4.63 to $23.94.

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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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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