Sector Update: Technology

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Technology shares are lower in mid-day trading. Yes, AOL ( AOL ) shares are up near 2% after it reported Q2 revs of $541.3 million, up from $531.1 million in the year ago quarter and below the analyst consensus of $544.4 million on Cap IQ. EPS was $0.35, vs. $10.17 per share last year. The Street view was $0.43 per share, if comparable.

But Molex ( MOLX ) shares are down 3.2% after it reported Q4 revs of $882.9 million, below the analyst consensus of $888.4 million on Capital IQ. EPS was $0.32, vs. expectations of $0.34 per share. For Q1, the company guides for revs of $890-$930 million and EPS of $0.35-$0.39, vs. the Street view of $934 million in revs and earnings of $0.40 per share.

And, First Solar Inc ( FSLR ) shares are down 14.5% at near $40 after it reported Q2 results of $0.39, off from consensus expectations by $0.13. Top line sales came in at $520 million, below consensus of $721 million, primarily attributed to lower systems business revenue recognition.

The company lowered its FY13 guidance to take into account lower net sales, the impact of higher operating expenses associated with the GE partnership, and dilution from the equity offering coupled with the issuance of shares to GE.



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: AOL , FSLR , MOLX

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