Tech Shares Edge Lower Amid Mixed Earnings -- Technology Roundup

FeaturesDow Jones Newswires

Shares of tech companies rose slightly amid mixed earnings.

GameStop shares plummeted after the computer-game retailer posted quarterly earnings short of Wall Street targets, hurt by lower margins on used sales, even after surprisingly strong sales of Nintendo Switch consoles.

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Shares of business software maker Autodesk rose as its shift from a licensing to a subscription sales approach paid dividends.

Samsung, one of the world's biggest business empires, faces a deepening leadership crisis after its heir and de facto head Lee Jae-yong was found guilty of bribing South Korea's former president and sentenced to five years in prison.

-By Rob Curran, rob.curran@dowjones.com

(END) Dow Jones Newswires

August 25, 2017 17:28 ET (21:28 GMT)

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