Sector Update: Technology

By Staff,

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Technology shares are lower in pre-bell trading, while Perion Network ( PERI ) reports Q3 revenue was up 31% to $21.3 mln, vs. the analyst consensus of $21.1 mln on Cap IQ. EPS was $0.31, up 31% as well and ahead of the Street view of $0.23 per share.

For FY 2013, the company expects revenue of $102 to $104 mln and EPS of $1.38 to $1.45 per share, vs. expectations of $105.5 mln in revenue and earnings of $1.37 per share.

And, Software products developer Cimatron Ltd. ( CIMT ) gained 6% in pre-market trade after reporting stronger-than-expected EPS and record revenues for Q3 2013.

CIMT said non-GAAP diluted EPS was $0.11, up from $0.07 in the same period last year, beating the Thomson Reuters consensus of $0.06. Revenues rose year over year to a record $10.3 million from $9.5 million recorded in Q3 2012.

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: CIMT , PERI

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