Sector Update: Technology Shares Higher; Garmin up 6% on Results

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Top Technology Stocks:

MSFT: +0.28%

AAPL: +0.51%

IBM: -0.18%

CSCO: flat

GOOG: +0.26%

Technology shares are mainly higher in pre-market trade today as Garmin ( GRMN ), a provider of navigation, communication and information devices and applications, is up 6% at $50.80 in pre-market, past its previous 52-week high of $50.00.

It reports Q3 earnings of $0.69 per share, ex one-time items, versus the Capital IQ consensus of $0.59. Revenues were $643.6 million, versus the analyst estimate of $628.85 million.

In the same period last year, the company reports EPS of $0.74 on revenues of $672.38 million.

Also, Level 3 Communications ( LVLT ) is up more than 1% in pre-market trading after saying it narrowed its Q3 net loss to $0.09 per share from a loss of $0.76 the year earlier. The loss included $0.13 per share in severance charges and $0.08 per share in refinancing charges.

And, KVH Industries, Inc., ( KVHI ) reports Q3 revenue of $40.2 million and net income of $1.4 million or $0.09 per diluted share. During the same period last year the company reported net income of $1.7 million, or $0.12 per diluted share, on revenues of $38.8 million.

The Street consensus was for $0.10 per share on $39.0 million in revenue. KVH is flat at $13.12 in pre-market.



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: GRMN , KVHI , LVLT

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