Technology

Technology Sector Update for 02/28/2019: BOX, HPQ, TDOC, MSFT, AAPL, CSCO, IBM, GOOG

Top Technology Stocks:

MSFT: -0.13%

AAPL: -0.21%

IBM: -0.25%

CSCO: -0.21%

GOOG: -0.54%

Most tech majors were declining pre-market Thursday.

Stocks moving on news include:

(-) Box ( BOX ), which was sinking by more than 22% even after its adjusted EPS swung to $0.06 in Q4 from a loss of $0.06 per share a year earlier, better than analysts' estimates of an adjusted EPS of $0.02 in a Capital IQ poll. It was also its first quarter of positive non-GAAP net income per share.

(-) HP ( HPQ ) was down more than 14% as i t report ed Q1 non-GAAP earnings of $0.52 per share, up from the $0.48 per share posted in last year's quarter and in line with the analyst consensus on Capital IQ. Revenue was $14.7 billion, up from $14.5 billion in the year-ago period but shy of expectations of $14.81 billion.

(-) Teladoc ( TDOC ) was more than 13% lower after booking a Q4 loss of $0.35 per share, narrower than the year- ago loss of $0.76 per share, and besting expectations for a loss of $0.37 per share, according to CapIQ data. Revenue was $122.7 million, up from $77.1 million last year and ahead of expectations of $120 million.

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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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