Sector Update: Technology Shares Heavy Pre-Market; Catamaran

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Top Technology Stocks:

MSFT: -0.60%

AAPL: -1.00%


IBM: -0.66%

CSCO: -1.39%

GOOG: -0.80%

Technology shares were lower in pre-market trade Friday.

In technology stocks news, Catamaran (CTRX, CCT.TO) shares were up 3% pre-market after it reported better-than-expected results for Q2 ended June 30, prompting the dual-listed provider of pharmacy benefit management services to update its full-year 2014 financial guidance.

Net income attributable to shareholders was US$71.4 million, or US$0.34 per diluted share, compared to US$63.4 million, or US$0.31 per diluted share, in the same period last year.

And, American depository receipts of Telecom Argentina S.A ( TEO ) were halted earlier Wednesday and are up some 9% Wednesday afternoon following a report that shows a 24.5% year-over-year gain in its six-month net income.

The telecom reported P$1.836 billion for the six-month period ended June 30, up 24.5% when compared to the same period last year. Net income attributable to Telecom Argentina amounted to P$1.805 billion, up 24.1% vs. first-half 2013.



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.

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This article appears in: Investing , Commodities

Referenced Stocks: TEO

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