Sector Update: Technology Stocks Higher Pre-Market; Canadian Solar Sinks 5% on Q4 Results


Top Technology Stocks:

MSFT: flat

AAPL: +0.19%

IBM: -0.13%

CSCO: +0.50%

GOOG: +0.15%

Technology shares were generally higher in pre-market trade Tuesday.

In technology stocks news, Canadian Solar ( CSIQ ) shares were down 5% after it reported Q4 revenue of $519.5 million, up from $294.8 million in the year ago quarter but shy of the analyst consensus of $525.4 million on Capital IQ. Earnings were $0.39, up from a year ago loss of $2.43 per share, but less than expectations of $0.52 per share, if comparable.

And, European cloud and data-center services provider InterXion Holding ( INXN ) reported Q4 adjusted earnings in line with analysts' expectations, but revenue missed their estimate slightly and its 2014 revenue guidance range was mostly below the Street view.

The company posted a net profit of 9.8 million euros ($13.5 million), or EUR0.14 per share, up from EUR5.6 million, or EUR0.08 per share, a year earlier.

Finally, RRSat Global Communications Network ( RRST ) reported mixed financial results for Q4, and issued revenue guidance for fiscal 2014 above analysts' expectations.

The company, which provides content management and distribution services to television and radio broadcasting industries, reported non-GAAP Q4 earnings of $0.14 per share, unchanged from the prior-year period's $0.14.

GAAP earnings was $0.12 per share compared with $0.14 in the same quarter a year ago. The Capital IQ consensus estimate was for EPS of $0.12.

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 All rights reserved. Unauthorized reproduction is strictly prohibited.

This article appears in: Investing , Commodities

Referenced Stocks: CSIQ , INXN , RRST

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