Technology shares are higher in pre-bell trading. Netflix (
) says it is adding more features so customers can share their
recommendations through Facebook or queue up movies for their
friends and family. NFLX is up 1% pre-market.
And, in technology earnings news, Catamaran Corporation (
) reported Q2 2013 adjusted earnings per share of $0.49 versus
consensus estimate of $0.44. Revenues totaled $3.4 billion,
compared to the $3.47 billion that analysts expected. Year-ago
adjusted earnings per share was $0.25, on revenues of $1.7
The company also announced the signing of a definitive agreement
for its acquisition of Restat, LLC, a privately held pharmacy
benefit managers, for a purchase price of $409.5 million in
As a result of the acquisition, the company is revising its 2013
full year financial guidance, with revenues of $14.2 to $14.6
billion and adjusted EPS of $1.87 to $1.92. Analysts are expecting
EPS of $1.84 and revenues of $14.25 billion.
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