High Tech Shares
Know-how shares had been posting small good points on Friday, with the shares of tech shares within the S&P 500 climbing about 0.2%, overcoming a 0.2% decline for chipmakers as measured by the Philadelphia Semiconductor Index.
Amongst know-how shares transferring on information:
(+) SurveyMonkey (SVMK) Friday jumped greater than 17% Friday, earlier touching an all-time excessive of $22.03 a share after reporting better-than-expected This autumn monetary outcomes and in addition forecasting Q1 and FY20 income exceeding analyst estimates. Excluding one-time objects, the survey software program agency narrowed its This autumn web loss to $0.02 per share on $84.Three million in income, beating the Capital IQ consensus anticipating a $0.04 per share adjusted web loss and $83.eight million in income.
In different sector information:
(+) Veeco Devices (VECO) climbed over 10% after the chip-making provider reported non-GAAP This autumn web earnings of $0.11 per share, reversing a $0.16 per share adjusted loss throughout the identical quarter final 12 months and doubling up the Capital IQ consensus anticipating $0.08 per share. Income rose 14.3% year-over-year to $113.2 million, additionally beating the $111.1 million analyst imply.
(-) Arista Networks (ANET) declined 6.4% on Friday after the cloud networking tools agency reported non-GAAP web earnings of $2.29 a share and $552.5 million in income throughout its This autumn ended Dec. 31. Analysts, on common, had been anticipating the corporate to earn $2.09 per share, excluding one-time objects, on $551.Four million in income.
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