Markets

Technology Sector Update for 02/06/2015: EBAY, HRS

Top Technology Stocks:

MSFT: +0.24%

AAPL: -0.10%

IBM: +0.06%

CSCO: +0.70%

GOOG: +0.47%

Technology shares were higher into the opening bell Friday.

In technology stocks news, eBay ( EBAY ) was slightly lower in pre-market despite revising its Q4 earnings higher to reflect a reduction in income tax for that quarter.

In eBay's Q4 earnings report, out January 21, 2015, the company had reported a net Q4 income of $936 million, or $0.75 diluted EPS.

And, Harris ( HRS ), a communications and information technology company, has agreed to acquire Exelis ( XLS ), an aerospace, defense, information and services company, in a cash-and-stock transaction valued at $23.75 per share, for an approximately $4.75 billion enterprise value.

The acquisition is slated to close in June 2015 and is expected to be slightly accretive to HRS in the first full year and a significant contributor thereafter.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

In This Story

EBAY

Other Topics

Commodities

Latest Markets Videos

    MTNewswires

    Founded in 1999, MT Newswires (formerly known as Midnight Trader) is a leading provider of original source, multi-asset class, real-time, global financial news and information to most of the largest banks, brokerage firms and professional market data, trading & research applications in North America.

    Learn More