Technology

Technology Sector Update for 11/01/2018: FIT, SPOT, IT, MSFT, AAPL, IBM, CSCO, GOOG

Top Technology Stocks:

MSFT: +0.01%

AAPL: +0.34%

IBM: +0.32%

CSCO: +0.44%

GOOG: +0.43%

Technology stocks were gaining in Thursday's pre-bell trading.

Early movers include:

(+) Fitbit ( FIT ), which was 12% higher after it reported a Q3 non-GAAP profit of $0.04 per share, up from a year ago loss of $0.01 per share and beating the analyst consensus of a loss of $0.01 per share on Capital IQ.

(-) Spotify Technology ( SPOT ) was declining by almost 8% after it booked Q3 earnings of EUR0.23 ($0.26) per share compared to a loss of EUR1.84 in the same period a year ago. Analysts polled by Capital IQ expected a loss of EUR0.30 per share.

In other sector news:

(+) Gartner ( IT ) was slightly higher as it released financial results for Q3, with earnings and revenue that topped analysts' expectations; it also provided earnings guidance for Q4 below forecasts.

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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