Top Technology Stocks:
Technology shares were generally lower in pre-market trade
In technology stocks news, Level 3 Communications (
), a provider of integrated communications services, reported it
swung to a Q1 profit and raised its outlook for 2014 adjusted
earnings before interest, taxes, depreciation and amortization.
The company posted a net profit of $112 million, or $0.47 per
share, compared with a prior-year net loss of $78 million, or $0.36
per share. Analysts polled by Capital IQ were looking for earnings
of $0.27 per share.
And, Ascent Solar Technologies (
), a developer and manufacturer of thin-film photovoltaic modules
integrated into its EnerPlex series of consumer products, has
announced the shipment of an over $750,000.00 order to Fry's
Shares of ASTI are up $0.10, or 19.30%, at $0.63 with a 52-week
range of $0.42 - $1.33.
Finally, Garmin (
) reported fiscal Q1 earnings and sales that were well ahead of
The maker of navigation, communication and information devices
said pro-forma earnings in the quarter ended March 29 rose 38% to
$0.55 per share, beating the $0.44 average estimate from analysts
polled by Capital IQ. Sales rose 10% to $583.2 million, also coming
in ahead of the $541 million consensus estimate.
GAAP income jumped to $118.8 million or $0.61 per share from
$88.7 million or $0.45 per share.
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