Sector Update: Technology Shares Lower Pre-Market

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Top Technology Stocks:

MSFT: -0.42%

AAPL: -0.10%

IBM: +0.24%

CSCO: -0.08%

GOOG: +0.02%

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

In technology stocks news, Tetra Technologies ( TTI ) says Q2 sales were $242.5 million, below the Thomson Reuters mean for $249.40 million.

It lost $0.03 per share, including $0.13 in charges. Estimates were for EPS of $0.19.

And, Ebix ( EBIX ) says Q2 sales were $51.5 million, compared with the Thomson Reuters mean for $52 million. EPS were $0.35, which was $0.03 below forecasts.

Finally, Zynga ( ZNGA ) shares plummeted 8.9% at $2.66 after it reported Q2 adjusted EPS of $0.00, in line with the analyst consensus on Capital IQ. Revenue was $153.2 million, below expectations of $156.9 million.

For Q3, the company projects revenue at $160-$170 million, vs. expectations of $195 million. EPS loss is seen in the range of $0.01 to $0.00 per share, vs. expectations of a profit of $0.01 per share.



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: TTI , EBIX , ZNGA

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