Sector Update: Tech

By Staff,

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Technology shares were higher in pre-market trade Thursday.

In technology stocks news, Logitech International S.A ( LOGI ) shares were up more than 14% in pre-market trade after it reported Q1 sales of $484 million, ahead of the analyst consensus of $489 million on Capital IQ. EPS was $0.23, vs. expectations of $0.08 per share.

For FY 2015, the company confirmed its outlook of $2.16 billion in sales and boosted its non-GAAP operating income outlook to about $170 million from $145 million.

And, Nokia ( NOK ) reported Q2 non-IFRS EPS of EUR0.06, up from EUR0.05 in Q2 last year. Analysts were expecting earnings of EUR0.04. Diluted loss was EUR0.01, narrower than the year ago loss of EUR0.02. Sales were EUR2.9 billion, down from EUR3.2 billion. The Street view was EUR2.9 billion.

Finally, DST Systems ( DST ) reported earnings of $1.20 per share and revenue of $679.5 million. The Street expected earnings of $1.19 per share on revenue of $494 million, according to Capital IQ.

DST shares were steady at $91.75, trading in a 52-week range of $66.95 to $99.89.

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

Copyright (C) 2014 All rights reserved. Unauthorized reproduction is strictly prohibited.

This article appears in: Investing Commodities
Referenced Stocks: LOGI , NOK , DST

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