Sector Update: Technology


Technology shares are generally higher in pre-market trading today.

In technology stocks news, Park Electrochemical Corp. ( PKE ), manufacturer of integrated circuits, reported Friday Q3 diluted EPS (before special items) of $0.23, or a net income of $4.7 million, trailing the Capital IQ consensus by $0.05.

Net sales for the period totaled $39.7 million, falling short of the $44.9 million analyst estimate. PKE closed at $27.24 Thursday in a 52-week range of $22.31 - $30.18.

And, Taiwan Semiconductor ( TSM ) reports sales rose 33.7% in December to $1.65 billion over a year prior. Full year sales were up 17.8%.

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: PKE , TSM

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