Sector Update: Technology Shares Flat; Sunedison Dips on Q3 Earnings

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Top Technology Stocks:

MSFT: 0

AAPL: -0.40%

IBM: flat

CSCO: flat

GOOG: flat

Technology shares are fairly flat this morning.

In technology stocks news, Sunedison ( SUNE ) is down 0.10% at $10.37 in the pre-market session after reporting Q3 that beat analysts' estimates. The manufacturer of silicon wafers posted breakeven earnings in Q3, versus the Capital IQ consensus estimate of $0.12 loss per share. Revenues of $672 million topped the consensus of $561.69 million.

And, information technology company Magic Software Enterprises Ltd. ( MGIC ) is nearly 5% higher at $6.63 in pre-market trade after reporting better-than-expected Q3 2013 financial results. The company saw "strong" year-over-year growth across all areas of its business and all regions.

Non-GAAP diluted EPS was $0.15, topping Capital IQ consensus by 3 cents. Year-ago non-GAAP diluted EPS was $0.12.

Finally, Communication social platform YY Inc. ( YY ) jumped 8% to $58.39 in early trade after reporting stronger-than-expected earnings for Q3 2013 and its revenue guidance for Q4 2013.

Non-GAAP diluted EPS rose 151.8% year over year to $0.47. Three analysts polled by Capital IQ had expected $0.31. Net revenues also increased 113% year-over-year to $79.6 million.



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

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


This article appears in: Investing , Commodities

Referenced Stocks: MGIC , SUNE , YY

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