Technology shares were generally lower in pre-market trade
In technology stocks news, Stratasys (
) Friday reported it swung to a GAAP income of $4.1 million, or
$0.08 per share, in Q1 2014 from a GAAP loss of $15.5 million, or
$0.40 per share, a year earlier. On a non-GAAP basis, earnings were
$20.6 million, or $0.40 per diluted share, in line with Street
The manufacturer of 3D printers generated revenues of $150.9
million. The average analyst forecast was for revenues of $143
million, according to Capital IQ.
And, Apple (
) is reportedly buying Beats streaming music service for $3.2
billion, according to the Financial Times.
was downgraded by analysts at ISI Group to a buy rating from a
strong buy. The firm raised its price target on the stock to $675
from $600 a share.
In the pre-market session, shares of AAPL were down 0.47% to
$585.25, within a 52-week range of $388.87 to $604.41.
Finally, EchoStar Corporation (
) has reported net income of $12.7 million, or $0.14 per share, up
from $3.5 million or $0.04 per share in Q1 2013 and beating analyst
estimates of $0.05 per share. Total revenue of $826 million was up
from $795 million in Q1 2013 but missed analyst projections of $842
Shares of SATS are at $46.18 with a 52-week range of $37.22 -
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