Top Tech Stocks
MSFT -0.67%
AAPL +1.77%
IBM +0.35%
CSCO -0.06%
GOOG -0.33%
Technology stocks were stretching out their smallish gains from earlier into today's session, with shares of tech companies in the S&P 500 more recently rising about 0.4%.
In company news, shares of Hewlett Packard Enterprise Company ( HPE ) advanced Friday after the technology systems company reported fiscal Q1 per-share earnings that exceeded analyst estimates.
Excluding one-time items, the company earned $0.41 per share during the three months ended Jan. 31, topping the Capital IQ consensus by $0.01 per share. Revenue slipped 2.5% from year-ago levels to $12.72 billion, also nudging past the $12.65 billion consensus.
For the current quarter ending in April, Hewlett Packard Enterprise is projecting adjusted net income of between $0.39 to $0.43 per share, bridging the $0.42 per share consensus. It also is expecting adjusted per-share earnings of $1.85 to $1.95, in-line with the $1.87 per share Street view.
HPE shares were up more than 14% this afternoon at $15.56 apiece, easing from a session high of $15.84 a share during morning trading.
In other sector news,
(+) SUNE, (+13.8%) Signs settlement and will pay $28.5 mln to resolve all disputes among the companies over prior termination of Latin American Power acquisition with with TerraForm Power ( TERP ) .
(-) NMBL, (-9.9%) Projected Q1 net loss of $0.25 to $0.27 per share is at least $0.09 wider than Street view. Guides Q1 revenue in-line with consensus. Reports adjusted Q4 net loss of $0.12 per share, matching Street view. Revenue climbs 32% from year-ago levels to $90.1 mln, topping $88.2 mln consensus.
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.
