Markets

Sector Update: Technology Shares Higher Pre-Market; Angie's List Sheds 12% on Q3 Misses

Top Technology Stocks:

MSFT: +0.22%

AAPL: -0.14%

IBM: +0.06%

CSCO: +0.21%

GOOG: +0.08%

Technology shares were up in pre-market trade Wednesday.

In technology stocks news, Angie's List ( ANGI ), an online consumer review service, reported a Q3 net loss greater than the Street expected while Q4 revenue guidance was also off. ANGI plunged about 12% pre-market to $7.30.

Angie's List reported net loss of $0.09 per share, improved over a loss of $0.23 per share a year prior, and revenue of $81.3 million, a 24% increase from the year prior. ANGI trades in a 52-week range of $6.28 to $19.80.

And, EMC ( EMC ) shares were down about 1% at $26.91 after the developer of information-infrastructure and virtual-infrastructure technologies and services reported Q3 adjusted earnings below the Street view and slightly cut its guidance for the full year.

On an adjusted basis, the company earned $0.44 in the latest quarter, up 10% from a year earlier but two cents below the analyst consensus of $0.46 per share on Capital IQ.

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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