Sector Update: Tech

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Technology shares were lower in pre-market trade Thursday.

In technology stocks news,Alcatel Lucent ( ALU ) reported Q2 revenue of Euro 3.279 billion, up 0.7% over year ago levels.

The company noted gross margin reached 32.6% of revenues in the quarter, improving by 140 basis points year-on-year. Adjusted operating income was Euro 136 million, up sharply vs. Euro 45 million in Q2 last year.

And, 3D Systems ( DDD ) reported Q2 adjusted EPS of $0.16, two cents below the analyst consensus on Capital IQ. Revenue was $151.5 million, missing expectations of $162 million.

For the full year 2014, the company expects revenue of $700-$740 million and adjusted EPS of $0.73 to $0.85 per share, both straddling the Street view of $714 million in revenue and earnings of $0.81 per share.



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This article appears in: Investing , Commodities

Referenced Stocks: ALU , DDD

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