Top Tech Stocks
Technology stocks were firming Thursday, with shares of tech companies in the S&P 500 adding almost 0.3% in value while the Philadelphia semiconductor index was posting a nearly 0.2% decline.
Among technology stocks moving on news:
+ Dell Technologies ( DVMT ) gained Thursday, at one point climbing over 3% to a session high of $79.84 a share, after the information technology company reported adjusted Q4 net income from continuing operations of $1.10 billion, up from $1.09 billion from a year earlier. On a GAAP basis, the company reported a net loss from continuing operations of $553 million, narrowing from a net loss of $1.41 billion in the year-ago period. Revenue for the quarter was $21.9 billion, up from $20 billion reported for the same period last year.
In other sector news:
- 58.com ( WUBA ) has turned narrowly lower Thursday afternoon, giving back a nearly 6% advance earlier in the session that followed the online classified ads company reporting improved Q4 results compared with year-ago leval and also topping analyst estimates. Excluding one-time items, the company earned RMB3.69, or about $0.56, per American depositary share, reversing a RMB0.16 per share adjusted net loss during the same quarter last year and topping the Capital IQ consensus expecting a $0.29 per share non-GAAP profit. Revenue grew 32% year over year to RMB2.76 billion, or about $423.1 million, from RMB2.09 billion last year, also exceeding the Street view expecting $413.7 million.
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.