Late Rally for Tech Stocks Nearly Lifts Sector Into Black; Digital Generation Soars After Q2 EPS Beat

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Technology stocks are narrowly lower in late trade with shares of technology companies in the S&P 500 slipping 0.2%.

In company news, Digital Generation Inc. ( DGIT ) is up nearly 29% at $10.52 a share and the provider of online digital video transmission services last night reporting Q2 earnings of $0.09 per share, topping analyst expectations by $0.07 per share.

Revenue was relatively unchanged from the same quarter last year at $96.3 million, also beating the consensus view by around $1.6 million.

DGIT also reaffirmed it FY13 guidance, forecasting between $370 million to $400 million in revenue this year, in-line with estimates.

In other sector news,

(+) FNSR, Said Q1 EPS will come in between $0.30 to $0.31 during the three months ended in July, up at least $0.04 over prior guidance and topping Street view by $0.06 a share. Revenue seen in range of $266 mln, topping estimates by $13.6 mln.

(-) SYNC, Q2 revenue falls 13.3% from same quarter last year to $26.7 mln, missing Wall Street expectations by $360,000. Reports break-even quarter, beating estimates by $0.01 per share. Guides Q3, FY13 revenues below consensus.



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This article appears in: Investing , Commodities

Referenced Stocks: DGIT

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