Top Tech Stocks
Technology stocks were falling hard again on Tuesday, with shares of tech stocks in the S&P 500 losing about 2.1% while the Philadelphia Semiconductor Index was dropping more than 2.5%.
Among technology stocks moving on news:
(+) Itron (ITRI) climbed more than 21% on Tuesday after the technology-services company reported non-GAAP Q1 net income of $0.70 per share, improving on a $0.13 per share adjusted profit during the year-ago period and beating the Capital IQ consensus for $0.44 per share. Revenue rose to $614.6 million from $607.2 million during the same quarter last year and exceeded the $592 million Street view.
In other sector news:
(+) SolarEdge Technologies (SEDG) jumped slightly more than 21% higher after the company late Monday reported better-than-expected Q1 results and forecasted Q2 revenue in a range of $310 million to $320 million, exceeding Wall Street expectations.
(-) RealPage (RP) declined almost 6% after the data analytics firm issued a downbeat Q2 outlook, projecting sales between $241.9 million to $243.9 million compared with the Street view of $246.5 million for the three months ending June 30.
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