Top Technology Stocks:
Technology majors were mixed pre-market Friday.
Early movers include:
(-) Identiv (INVE), which was down more than 8% as the company started exploring strategic alternatives to enhance stockholder value after guiding for a Q4 loss and slashing its fiscal 2020 outlook. Identiv estimated a net loss of $0.14 to $0.13 per share on revenue of $18.7 million to $18.8 million in Q4, compared with analysts’ estimates of net income of $0.03 per share on revenue of $24.30 million for the quarter.
(-) Broadridge Financial Solutions (BR) was down more than 7% amid Q2 earnings and revenue that missed analyst estimates. Adjusted earnings fell to $0.53 per share from $0.56 a year earlier and missed the $0.71 consensus estimate from Capital IQ.
(+) International Business Machines (IBM) was up almost 4% in value after saying its board elected Arvind Krishna as chief executive officer and a member of the board of directors, effective April 6. Krishna is senior vice president for cloud and cognitive software.
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