Sector Update: Technology Shares Lower Pre-Market; Motorola Slips on Q2 Results


Top Technology Stocks:

MSFT: -0.21%

AAPL: -0.18%

IBM: -0.34%

CSCO: -0.18%

GOOG: -0.41%

Technology shares were lower in pre-market trade Tuesday.

In technology stocks news, Motorola Solutions ( MSI ) shares fell in Tuesday's pre-market session after the provider of communication infrastructure, devices, software and services reported weaker-than-expected fiscal Q2 results and forecast Q3 results well below Street expectations, even as the company reiterated its full-year outlook and boosted its cost-reduction target.

And, Novadaq (NVDQ, NDQ.TO) Tuesday reported a profitable Q2, erasing last year's net loss, as a result of a 38% jump in revenues.

The developer of medical imaging and therapeutic devices said net income, excluding special items, was US$6.3 million, or US$0.11 per share, compared to a net loss of US$9.7 million, or US$0.21 per share, a year earlier. Analysts were targeting a net loss of US$0.07 per share, as compiled by Capital IQ.

Finally, Telefonica SA ( TEF ) has bid 6.7 billion euros to France's Vivendi for its Brazilian broadband unit GVT.

The offer consisted of an 11.96 billion Brazilian reals ($5.30 billion) payment in cash plus new shares to be issued in Telefonica Brazil worth 12% of the larger group. In an effort to cut the cost of the deal, TEF offered Vivendi the chance to acquire an 8.3% stake in Telecom Italia ( TI ).

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

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

This article appears in: Investing , Commodities

Referenced Stocks: MSI , TEF , TI

MT Newswires

MT Newswires

More from MT Newswires:

Related Videos



Most Active by Volume

  • $15.38 ▼ 1.09%
  • $110.38 ▲ 0.73%
  • $104.01 ▲ 1.75%
  • $6.3801 ▼ 53.60%
  • $4.25 ▲ 4.94%
  • $15.91 ▲ 7.72%
  • $4.64 ▲ 11.27%
  • $25.47 ▲ 1.11%
As of 10/2/2015, 04:15 PM

Find a Credit Card

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