Top Technology Stocks:
MSFT: +7.2%
AAPL: +7.6%
IBM: +6.5%
CSCO: +5.4%
GOOG: -+6%
Technology majors were gaining pre-market Friday.
Early movers include:
(+) Oracle (ORCL), which was over 11% higher after saying it expects Q4 total revenue growth of -2% to +2%. Non-GAAP EPS is seen growing 3% to 9% to between $1.20 and $1.28 per share. The Street view for earnings is $1.23 per share.
(+) Jabil (JBL) was up more than 1% as it reported fiscal Q2 financial results that missed both earnings and revenue estimates from analysts polled by Capital IQ. For the quarter ended Feb. 29, the company posted core EPS of $0.50, down from $0.64 a year earlier and lower than the forecast for $0.67 a share.
In other sector news:
(+) Slack Technologies (WORK) was marginally higher after it reported non-GAAP loss per share of $0.04 for Q4 of fiscal 2020, narrowing from $0.24 loss a year ago. The result was better than the consensus estimate of $0.06 loss compiled by Capital IQ.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
