Top Tech Stocks
Technology stocks were slightly higher Tuesday with shares of
technology companies in the S&P 500 climbing about 0.2% this
In company news, BTU International (
) rose Tuesday after the maker of thermal processing equipment
today raised its revenue forecast for the three months ending later
BTUI shares were ahead over 15% at $3.18 each in recent trade,
earlier climbing to a session high of $3.62 a share. The stock has
a 52-week range of $2.20 to $4.26 a share, rising 57.6% over the
past 12 months.
The company now is projecting between $16 million to $17 million
in Q2 revenue, up $2 million from its prior guidance after
bookings, primarily in its electronics assembly business, exceeded
expectations for the period. Analyst forecasts were not available
BTUI will report its Q2 financial results on July 29.
In other sector news,
(+) YGE, (+3.7%) Forecasts shipments increase in upcoming
quarters, saying it will meet FY14 shipment guidance of 4.0 to 4.2
gigawatts. Narrows Q1 adjusted net loss from last year to $0.35 per
share. Revenue was little changed at $432 mln.
(-) LITB, (-5.6%) Said company president Mark Stabingas was
leaving for personal reasons. Also reaffirms Q2 revenue guidance
for 16% to 19% growth, or $83.77 mln to $85.94 mln, in-line with
$84.80 mln consensus.
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