Sector Update: Technology Shares Higher Pre-Market; Shanda Games Drops 1% on Q4 Disappointments


Top Technology Stocks:

MSFT: +0.55%

AAPL: +0.25%

IBM: +0.06%

CSCO: +0.37%

GOOG: +0.42%

Technology shares were generally higher in pre-market trade Friday.

In technology stocks news, Shanda Games ( GAME ) shares were down 1.2% at $6.44 in pre-market trade Friday after it reported Q4 results.

Shanda Games, a China-based developer of online games, reported earnings per diluted ADS were RMB1.24, or U.S. $0.20, compared with RMB1.32 in Q4 2012. Q4 net revenues were RMB1,029.3 million, or U.S. $168.8 million, down 6.0% year-over-year.

The Street expected earnings of $0.24 per share on revenue of $189 million, according to Capital IQ estimates.

And, the White House is reportedly exploring options that may replace The President's and staff's use of Blackberry ( BBRY ) devices, including Samsung Electronic's and LG Electronics' devices, the Wall Street Journal reported.

BBRY shares were down 0.2% pre-market Friday, trading in a 52-week range of $5.44 to $16.82.

Finally, Turkey, with millions of Twitter ( TWTR ) users, is among the top 10 countries that use the social media platform. But now, users there are banned from the site.

Turkey's Internet watchdog shutdown Twitter after Prime Minister Recep Tayyip Erdogan called it a vehicle for accusing the government of corruption ahead of election, the Wall Street Journal reported Thursday.

TWTR was up 0.6% at $50.40 in pre-market trade Friday, trading in a 52-week range of $38.80 to $74.73.

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 All rights reserved. Unauthorized reproduction is strictly prohibited.

This article appears in: Investing , Commodities

Referenced Stocks: GAME , BBRY

MT Newswires

MT Newswires

More from MT Newswires:

Related Videos



Most Active by Volume

  • $55.50 ▼ 2.90%
  • $16.60 ▼ 0.84%
  • $3.83 ▼ 1.79%
  • $131.54 ▼ 0.38%
  • $139.90 ▼ 1.12%
  • $34.03 ▲ 0.95%
  • $6.43 ▼ 3.16%
  • $7.88 ▼ 1.25%
As of 5/28/2015, 12:50 PM

Find a Credit Card

Select a credit card product by:
Select an offer:
Data Provided by