Sector Update: Technology Share Higher Pre-Bell; Scientific Games Sheds 6%

By Staff,

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Top Technology Stocks:

MSFT: +0.58%

AAPL: -0.16%

IBM: +0.36%

CSCO: +0.31%

GOOG: +0.60%

Technology shares are higher in pre-bell trading. Cogent Communications ( CCOI ) reported Q2 earnings of $0.03 per share, compared with the prior-year period's $0.04 loss per share.

Revenues were $85.8 million, up 10.3% from $77.8 million in the same quarter last year. Analysts polled by Capital IQ were expecting EPS of $0.04 on revenues of $86.49 million. Shares, flat in pre-market, closed at $28.85 with a 52-week range of $17.95 - $30.08.

And, Scientific Games ( SGMS ) is down about 6% at $12.70 as it says Q2 sales were $235 million, above the Thomson Reuters mean for $230.57 million. Net loss from continuing operations was $0.14 per share, worse than estimates for a $0.02 profit.

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: CCOI , SGMS

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