Sector Update: Technology

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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 The NASDAQ OMX Group, Inc.

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This article appears in: Investing , Commodities

Referenced Stocks: TRLA

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