Technology
TME

Technology Sector Update for 03/20/2019: SMAR, TME, MSFT, AAPL, IBM, CSCO, GOOG

Top Technology Stocks:

MSFT: -0.10%

AAPL: -0.01%

IBM: -0.1%

CSCO: +0.08%

GOOG: -0.18%

Top technology stocks were narrowly mixed in Wednesday's pre-market trading .

Stocks moving on news include:

(+) Smartsheet ( SMAR ), which was gaining more than 12% in value as its adjusted net loss narrowed to $0.07 per share in Q4 from $0.08 per share a year earlier, a much smaller loss than analysts' estimates of a $0.13 loss per share in a Capital IQ poll.

(-) Tencent Music Entertainment Group ( TME ) was down more than 6% after i t report ed Q4 non-IFRS diluted earnings of RMB0.57 ($0.08) per ADS, in line with analysts' expectations. Previous year comparisons weren't provided by the company that made its trading debut late last year.

In other sector news:

(-) Alphabet ( GOOG ) was slightly lower after it was fined EUR1.49 billion ($1.69 billion) for allegedly blocking rivals' search advertisements on several websites.

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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