Sector Update: Tech


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Technology shares were generally lower in pre-market trade Friday.

In technology stocks news, Apple ( AAPL ) is slightly lower after Reuters reports that a redesign of a key component in the iPhone 6 screen disrupted panel production ahead of next month's expected launch.

It is unclear if this will delay or limit the number of phones available for the launch of iPhone 6.

And, Intuit ( INTU ) reported Q4 revenue of $714 million, up 13% and ahead of the analyst consensus of $699.9 million on Capital IQ. Non-GAAP loss was $0.01 per share, down from year ago earnings of $0.00 per share and below the Street view of a profit of $0.07 per share.

For FY 2015, the company expects revenue of $4.275 to $4.375 billion, a decline of 3% to 5%.

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: AAPL , INTU

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