Sector Update: Technology


Technology shares were generally lower in pre-market trade Thursday.

In technology stocks news, DISH Network Corporation ( DISH ) has reported Q1 net income of $176 million, or $0.38 per share, down from $216 million, or $0.48 in Q1 2013 and missing analyst estimates of $0.44 per share. Total revenue of $3.59 billion was up from $3.38 billion in Q1 2013, slightly beating consensus of $3.57 billion.

And, Superconductor Technologies Inc. ( SCON ) shares are up almost 7% pre-market after reporting a narrower Q1 loss.

The net loss was $2.9 million, or a loss of $0.25 per share, compared to a net loss of $3.9 million in Q4 and a loss of $2.4 million, or $0.58 per share, in the first quarter of 2013.

Net revenues were $389,000, compared to $150,000 in the fourth quarter of 2013 and $776,000 in the year ago period.

Finally, Teradata ( TDC ) reported Q1 earnings and sales that exceeded analysts' expectations and increased the share buyback program by approximately $300 million but also said it now expects FY14 results to come in at the lower end of guidance ranges.

The provider of analytic data solutions, including integrated data warehousing, big data analytics and business applications said its Q1 non-GAAP EPS rose 26% to $0.54 per share compared to the $0.47 average estimate from analysts polled by Capital IQ. Sales rose 7% to $628 million, also exceeding the $615 million consensus estimate.

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: DISH , SCON , TDC

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