Top Technology Stocks:
Technology shares were higher in pre-market trade Monday.
In technology stocks news, Sohu.com (
) fell 5% in recent
on Monday after reporting it turned to a net loss in Q1 ended March
31, 2014 despite increased revenues. The internet gaming company
also issued its financial outlook for Q2 2014.
Non-GAAP net loss attributable to the company was $48 million,
or $1.26 per diluted share, versus net income of $24 million a year
earlier. The Capital IQ consensus was for a non-GAAP diluted loss
per share of $1.23.
Revenue increased 19% year-over-year to $365 million versus the
$366 million Street view.
And, Roper Industries (
) reported better-than-expected financial results for Q1 and
provided guidance for Q2 and fiscal 2014 earnings.
The diversified technology company reported Q1 net earnings of
$147 million, or $1.46 per share, compared with $124.9 million or
$1.25 per share in the same period last year. The Capital IQ
analyst estimate is for $1.35 EPS.
Revenue was $834 million, up 13% from $737.14 million in the
same quarter last year. Analysts were expecting revenue of $823.59
Finally, Charter Communications (
) reported a Q1 net loss of $37 million in the first quarter of
2014, an improvement on a $68 million net loss in 2013.
Basic and diluted net loss per common share was $0.35 in the
first quarter of 2014 compared to $0.68 on a pro forma basis, and
$0.42 on an actual basis during the same period last year, vs.
analyst expectations of a profit of $0.23, if comparable. Total
revenues were $2.2 billion, ahead of $2.04 billion in 2013 and
exceeding analyst estimates of $2.18 billion.