Sector Update: Tech


Technology shares were generally higher in pre-market trade Tuesday.

In technology stocks news, Park Electrochemical ( PKE ) Tuesday reported net earnings before special items of $8.6 million, or $0.41 per diluted share, for Q1 ended June 1, up from last year's net earnings of $5.1 million, or $0.25 per diluted share. Three analysts polled by Capital IQ were looking for $0.30.

The advanced materials company's net sales increased to $48.8 million from $43.4 million, beating the Capital IQ consensus of $46 million.

And, ( CRM ), said late Monday that Mark Hawkins will join the company as Chief Financial Officer from Autodesk ( ADSK ), where he served as CFO since 2009.

As CFO, Hawkins, who will start August 1, will be responsible for leading the company's global finance organization, reporting to Chairman and CEO Marc Benioff.

CRM was up 0.4% at $58.29 pre-market; ADSK was up 0.1% at $56.42.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

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This article appears in: Investing , Commodities

Referenced Stocks: PKE , CRM , ADSK

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