Sector Update: Technology Shares Lower; Netsol Plunges 25% on Results

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Top Technology Stocks:

MSFT: -0.13%

AAPL: +0.21%

IBM: -0.75%

CSCO: -0.13%

GOOG: -0.09%

Technology shares are lower in pre-market trade.

In technology news today, NetSol ( NTWK ) shares are down more than 25% at $5.60 in pre-market trade as it reports Q1 revenue of $9.1 mln, down from $11.1 mln in the year ago quarter, reflecting lower license revenue attributable to timing on the closing of certain new business transactions, as well as the company's transition to its next-generation financing and leasing solution, NFS Ascent.

Net loss was $0.12 per share, down from year ago income of $0.12 per share. The Street consensus was $12.5 mln in revenue and earnings of $0.15 per share, according to Capital IQ.

In other technology stocks news, Ebix ( EBIX ) says Q3 sales were $50.3 million, below the Thomson Reuters mean for $51.25 million. EPS were $0.34, topping by $0.03.



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This article appears in: Investing , Commodities

Referenced Stocks: EBIX , NTWK

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