Sector Update: Technology Stocks Up Pre-Market; Methode Electronics Sinks 8% on Q3 Earnings

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Top Technology Stocks:

MSFT: flat

AAPL: +0.26%


IBM: +0.18%

CSCO: +0.18%

GOOG: +0.07%

Technology shares were mostly higher in pre-market trade Thursday.

Shares in Hanwha Solarone ( HSOL ) surged nearly 12% in recent pre-market trading Thursday, as the photovoltaic-modules manufacturer reported better-than-expected adjusted earnings and a sharp increase in revenues for Q4 2013. It said its GAAP net loss was RMB21.8 million (US$3.6 million), or RMB0.26 (US$0.04) per ADS, compared with the prior-year period's GAAP net loss per ADS of RMB7.93.

Methode Electronics ( MEI ) plummeted 7.7% at $32.70 after it reported Q3 earnings of $0.38 per share, short of the Street view of $0.40 per share while revenue of $189.8 beat Street estimates.

Gogo ( GOGO ) shares surged 6.4% at $25.40 after it reported a Q4 net loss of $0.26 per share that beat the Street view of a loss of $0.27 per share, while revenue of $92.6 million also topped expectations.



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 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.


This article appears in: Investing , Commodities

Referenced Stocks: HSOL , MEI , GOGO

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