Sector Update: Technology

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Technology shares are mixed in pre-bell trading. Garmin ( GRMN ) reports Q2 revs of $697 million, better than the analyst consensus of $665.8 million on Cap IQ. EPS was $0.88, versus expectations of $0.66 per share.

For 2013, the company expects revs of $2.5-$2.6 billion and EPS of $2.30-$2.40, versus the Street view of $2.55 billion in revs and earnings of $2.37 per share.

And Radisys ( RSYS ) reports revenue of $65.4 million and Q2 non-GAAP net income was $0.8 million or $0.03 per diluted share. RSYS is flat at $4.78 pre-market. Analysts expected $0.03 per share in earnings on $66 million in revenue.



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: GRMN , RSYS

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