Technology stocks turned solidly higher this afternoon with
shares of technology companies in the S&P 500 rising about
In company news, Q2 Holdings (
) enjoyed a strong Q2, sending shares of the cloud-based business
software company higher after it beat analyst projections with a
smaller quarterly loss during the three months ended June 30.
The company last night reported an adjusted Q2 net loss of $0.11
per share, topping analyst forecasts looking for a $0.15 per share
loss. Revenue rose 37.1% year over year to $19.2 million, beating
the Street view by around $1.09 million.
It also issued upside FY14 guidance, boosting its revenue
forecast by $2.2 million over its prior guidance to a new range of
$76.2 million to $76.8 million, beating the Capital IQ consensus by
at least $2.49 million.
QTWO shares were up nearly 18% shortly before the closing bell
at $15.49, apiece.
In other sector news,
(+) WLDN, Reports Q2 net income of $1.9 million, or $0.25 per
share, up from $700,000 profit last year. Revenue rose 31.6% over
year-ago levels to $27 mln, in-line with single analyst estimate.
Also awarded $22.3 mln contract by Con Edison.
(-) UNXL, Q2 net loss of $0.49 per share was $0.02 wider than
the Capital IQ consensus. The company did not report any revenue
during the April-to-June quarter compared with $749,000 in revenue
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