Sector Update: Technology Shares Lower Pre-Market

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Top Technology Stocks:

MSFT: -0.16%

AAPL: -0.21%


IBM: -0.08%

CSCO: +0.04%

GOOG: -0.23%

Technology shares were generally lower in pre-market trading Friday.

Silicon Laboratories ( SLAB ) reported Q2 EPS of $0.58, better than the analyst consensus of $0.46 per share according to Capital IQ. Revenue was $154.9 million, ahead of expectations of $149 million.

For Q3, the company expects revenue of $153-$157 million and EPS of $0.45-$0.51, vs. the Street view of $156.8 million in revenue and earnings of $0.54 per share.

Netsuite ( N ) shares were up slightly in pre-market trading after the provider of cloud-based financial-and-resource-planning software late Thursday reported Q2 EPS of $0.06, above the analyst consensus of $0.03 per share according to Capital IQ. Revenue was $131.8 million, in line with expectations.

Maxim Integrated Products ( MXIM ) plunged 14% in pre-market trading after the maker of linear and mixed-signal integrated circuits late Thursday reported Q4 results that fell short of analysts' expectations. It also issued guidance for Q1 2015 below Street estimates.



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

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


This article appears in: Investing , Commodities

Referenced Stocks: SLAB , N , MXIM

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