Sector Update: Technology Shares Mixed Pre-Market

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A A A

Top Technology Stocks:

MSFT: +0.25%

AAPL: -0.15%

IBM: +0.07%

CSCO: +7.23%

GOOG: -0.12%

Technology shares were generally mixed in pre-market trade Thursday.

In technology stocks news, NetEase ( NTES ) reported earnings of $1.38 and revenue of $380.5 million, which it below the Street expectation of $1.48 per share on $396 million, according to Capital IQ estimates.

And, Global Sources ( GSOL ), which provides marketing services, reported net income that declined from last year while revenue increased and beat the Street view.

Non-IFRS net income was $0.6 million, or $0.02 per diluted share, as compared to $1.8 million, or $0.05 per diluted share, for the first quarter of 2013. Revenue was $34.5 million, as compared to $31.3 million a year prior.

The Street expected revenue of $29.8 million, according to one analyst estimate on Capital IQ.

Also, shares of Cisco Systems ( CSCO ) have surged nearly 7% to $24.37 in the wake of the company's quarterly report and after analysts at Oppenheimer raised their price target to $27 from $25 a share, while leaving their outperform rating.

Finally, Agilent Technologies ( A ) says Q2 non-GAAP EPS was $0.72, $0.01 below the Thomson Reuters mean, the company reported late Wednesday.

Sales were $1.73 billion, compared with predictions for $1.73154 billion.

A was down 1.3% at $55.10 in pre-market trade Thursday.



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.

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This article appears in: Investing , Commodities

Referenced Stocks: NTES , GSOL , CSCO , A

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