Prime Tech Shares
Know-how shares had been narrowly greater in Tuesday commerce, with the shares of tech shares within the S&P 500 advancing 0.3% though the Philadelphia Semiconductor Index was rising over 2.2% this afternoon.
Amongst know-how shares shifting on information:
(+) II-VI (IIVI) rose 5.7% after the optoelectronic parts firm late Monday mentioned its fiscal Q2 income virtually doubled in contrast with year-ago ranges, rising 94.3% to $666.Three million and beating the Capital IQ consensus by $56 million.
In different sector information:
(+) Amkor Know-how (AMKR) jumped out to a greater than 19% achieve on Tuesday after the semiconductor packaging and testing firm reported This autumn monetary outcomes exceeding Wall Road estimates and projected Q1 income additionally topping analyst estimates. It earned $0.41 per share on $1.18 billion in internet gross sales in the course of the three months ended Dec. 31, surpassing the Capital IQ consensus by $0.18 per share and $80 million, respectively.
(-) Rapid7 (RPD) declined 10% after projecting a shock non-GAAP Q1 internet loss and in addition forecasting FY20 earnings lagging analyst expectations. The cybersecurity agency is projecting a internet lack of between $0.11 to $0.18 per share for the present Q1 ending March 31, trailing the Capital IQ consensus searching for an adjusted internet lack of $0.01 per share. It is also anticipating a FY20 revenue, excluding one-time objects, in a spread of $0.11 to $0.18 per share in contrast with the $0.27 per share analyst imply.
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