Top Tech Stocks:
Most leading tech stocks were higher during pre-market trading hours Friday.
Among technology stocks moving on news:
(-) Pure Storage (PSTG) declined more than 20% after reporting Q3 adjusted EPS of $0.13, flat year over year, but better than analysts' estimates of $0.09 in a Capital IQ poll.
(+) Splunk (SPLK), which gained more than 8%. The software developer raised its fiscal 2020 revenue projection for the second time this year as a surge in software sales helped beat guidance for group turnover and earnings in the third quarter. Revenue rose to $626.3 million during the three months that ended Oct. 31 from $481 million a year ago. That result was also ahead of the $605.2 million average analyst estimate compiled by Capital IQ.
(+) StoneCo's (STNE) was up more than 4% after the company reported Q3 adjusted net income that grew 126% year over year to BRL201.9 million ($49.6 million). Revenue and income rose 62.1% on the year to BRL671.1 million ($159.3 million), while the Street was expecting $155.8 million.
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