Sector Update: Technology Shares Lower Pre-Market; 3D Systems Q2 Results Miss Street Estimates

By Staff,

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Top Technology Stocks:

MSFT: -0.80%

AAPL: -0.87%

IBM: -0.72%

CSCO: -0.66%

GOOG: -0.79%

Technology shares were lower in pre-market trade Thursday.

In technology stocks news,Alcatel Lucent ( ALU ) reported Q2 revenue of Euro 3.279 billion, up 0.7% over year ago levels.

The company noted gross margin reached 32.6% of revenues in the quarter, improving by 140 basis points year-on-year. Adjusted operating income was Euro 136 million, up sharply vs. Euro 45 million in Q2 last year.

And, 3D Systems ( DDD ) reported Q2 adjusted EPS of $0.16, two cents below the analyst consensus on Capital IQ. Revenue was $151.5 million, missing expectations of $162 million.

For the full year 2014, the company expects revenue of $700-$740 million and adjusted EPS of $0.73 to $0.85 per share, both straddling the Street view of $714 million in revenue and earnings of $0.81 per share.

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: ALU , DDD

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