Sector Update: Technology Shares Mixed Pre-Market; Exar Issues Q4 Revenue Guidance Below Street View

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Top Technology Stocks:

MSFT: +0.12%

AAPL: -0.28%


IBM: flat

CSCO: -0.48%

GOOG: +0.42%

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

In technology stocks news, Exar Corporation ( EXAR ), a supplier of high-performance analog mixed-signal components, and video and data management solutions, issued revenue guidance late Wednesday for Q4 2014, ended March 30, 2014, below analysts' estimates.

The company now expects revenue to be approximately $28 million, versus the Capital IQ consensus estimate of $30.88 million. Shares trade with a 52-week range of $10.00 - $13.85.

And, iRobot Corp. ( IRBT ) authorizes a stock repurchase program after hours Wednesday.

Under the program, iRobot may purchase up to $50 million of its common stock beginning May 1, 2014 and ending April 30, 2015.



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: EXAR , IRBT

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