Technology

Technology Sector Update for 04/26/2017: TWTR,IRBT,STX

Top Tech Stocks

MSFT -0.22%

AAPL -0.56%

IBM -0.14%

CSCO -0.06%

GOOG -0.13%

Technology stocks were ending narrowly lower today, with shares of tech companies in the S&P 500 slipping less than 0.1%.

In company news, Twitter ( TWTR ) was surging Wednesday, with shares of the micro-blogging website jumping out to as much as 12% increase today after the company reported better-than-expected Q1 financial results.

Excluding one-time items, the company earned $0.11 per share, losing ground compared with net income of $0.15 per share during the same quarter last year but still crushing the Capital IQ consensus call expecting just $0.01 per share. Total revenue slipped 8% to $548 million, also exceeding the $513 million consensus.

In other sector news,

(+) IRBT, Reports Q1 EPS of $0.58 beats by $0.27 per share. Revenue increases 28.8% over last year to $168.5 mln, also topping the $155.9 mln consensus. Sees FY17 revenue in a range of $780 mln to $790 mln, exceeding $774.8 mln consensus. Guides FY17 earnings in-line.

(-) STX, Q3 revenue climbs 3.0% over year-ago levels to $2.67 bln, trailing the $2.71 bln Capital IQ consensus. Excluding one-time items, earns $1.10 per share and beats Street view by $0.03 per share.

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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