Sector Update: Technology Shares Higher; Take-Two Interactive Loses 5% After Icahn Drops Stake

By Staff,

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Technology shares are higher in pre-bell trading.

In technology stocks news, JA Solar Holdings ( JASO ) is down about 6% as it reports Q3 net revenue was RMB 1.8 billion, or $287.3 million. Non-GAAP loss per diluted ADS was RMB 2.24, or $0.37. Analysts expected a loss of $0.30 per ADS on $264 million in revenue.

And, Take-Two Interactive ( TTWO ) is more than 5% lower this morning after disclosing that, as part of an ongoing strategy to buy back its shares, the company has purchased all of the Icahn Group's stock at Monday's closing price of $16.93 per share.

Finally, iSoftStone Holdings Limited ( ISS ), a China-based IT services provider, is reporting that it swung to a Q3 non-GAAP net loss of $1.9 million, or $0.04 per ADS, missing analysts estimates of a profit of $0.04 per share as rising costs offset higher revenue.

The company made a profit of $10.4 million, or $0.18, in the year ago period. ISS is flat at $5.00 pre-market.

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

Copyright (C) 2014 All rights reserved. Unauthorized reproduction is strictly prohibited.

This article appears in: Investing Commodities
Referenced Stocks: ISS , JASO , TTWO

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