Sector Update: Technology Shares Higher; Agilent Soars 11% on Plans To Divide Company


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Top Technology Stocks:

MSFT: +0.24%

AAPL: +0.92%

IBM: +0.11%

CSCO: -0.71%

GOOG: +0.43%

Technology shares are higher in pre-bell trading.

Among technology stocks news today, Agilent Technologies ( A ) shares are up 11% as it says it plans to separate into two publicly traded companies: one in life sciences, diagnostics and applied markets that will retain the Agilent name, and the other that will be comprised of Agilent's current portfolio of electronic measurement products.

The separation is expected to occur through a tax-free pro rata spinoff of the EM company to Agilent shareholders.

And, IHS Inc. ( IHS ) reported Q3 adjusted EPS of $1.27, on revenues of $480.3 million. Analysts expected EPS of $1.18 and revenues of $468 million. Year-ago adjusted EPS was $1.20, on revenues of $385.6 million.

For FY 2013, the company expects adjusted EPS of $4.75 to $5.00 and revenues of $1.80 billion to $1.82 billion. Analysts are expecting EPS of $4.88 and revenues of $1.8 billion. IHS is flat at $114.90 pre-market.

Finally, Take-Two Interactive Software ( TTWO ) shares are up 4% in pre-market trade, retreating from an early high of 18.65. The company reported yesterday its retail sales for its Grand Theft Auto game were more than $800 million.

Today, Take-Two said shareholders voted in new directors and agreed to increase the shares in the stock incentive plan. Shareholders also approved the compensation for executive officers and named Ernst & Young as its auditor.

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

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This article appears in: Investing , Commodities
More Headlines for: A , IHS , TTWO

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