Sector Update: Technology Shares Mixed Pre-Market; iSoftStone up 4% as Q4 Sales Rise

By Staff,

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Top Technology Stocks:

MSFT: +0.20%

AAPL: -0.18%

IBM: -0.26%

CSCO: +0.09%

GOOG: +0.36%

Technology shares were mixed in pre-market trade Tuesday.

In technology stocks news, shares in iSoftStone Holdings Limited ( ISS ) were up almost 4% pre-market after the China-based IT services provider reported Q4 earnings fell, but said sales gained 25%, topping expectations.

Diluted earnings per American Depositary Share fell to $0.04 compared with $0.13 in Q4, 2012. Each ADS represents 10 ordinary shares. Non-GAAP diluted earnings per ADS were $0.10 compared with $0.19 in the fourth quarter 2012. Quarterly EPS estimates weren't available.

Net revenues increased 25.1% to $130.3 million from $104.2 million in the year-ago period and topped analyst estimates for $119 million.

And, Lexmark ( LXK ) reported Q1 EPS of $0.92, better than the analyst consensus of $0.87 per share on Capital IQ. Revenue was $881 million, vs. expectations of $854 million.

For Q2, the company expects EPS Of $0.85 to $0.95, vs. Street estimates of $0.94 per share.

Finally, HealthStream ( HSTM ) late Monday reported Q1 EPS of $0.07, one penny below analyst consensus of $0.08. Revenues were $38.3 million, just shy of analyst estimates for $38.5 million. For the comparable quarter of 2013, HSTM reported EPS of $0.07 on revenues of $29.6 million.

For FY14, HSTM anticipates consolidated revenues growth of 25-29% and a decrease of 2%-11% in operating income. Shares of HSTM are flat at $24.38 after hours.

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

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

This article appears in: Investing Commodities
Referenced Stocks: ISS , LXK , HSTM

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