Sector Update: Technology

By Staff,

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Technology stocks are mostly higher with shares of technology companies in the S&P 500 adding over 0.9%.

In company news, Trulia Inc. ( TRLA ) is up nearly 24% at $46.13 a share after earlier rising to a new 52-week high of $47.99 and the home-buyer research service reporting Q2 earnings and revenue that topped estimates and provided upside revenue guidance for Q3.

TRLA posted Q2 earnings of $0.05 per share, ex items, beating the analyst consensus by $0.01 per share. Revenue rose 76.6% year over year to $29.7 million, topping the Street view by $2.0 million.

The company is forecasting Q3 revenue in a range of $30.5 million to $31.5 million, exceeding the averaged analyst call by $1.3 million.

In other sector news,

(+) QUIK, Posts Q2 net loss of $0.05 per share, a penny better than Wall Street estimates. Revenue climbs 26.0% over year-ago levels to $5.13 million, also exceeding the analyst consensus by around $830,000.

(-) OTEX, Quarterly revenue climbs 13.6% year over year to $347.3 million in Q4 but trails the Street view by $14.2 million. Net income of $1.43 per share matches estimates.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Copyright (C) 2014 All rights reserved. Unauthorized reproduction is strictly prohibited.

This article appears in: Investing Commodities
Referenced Stocks: TRLA

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