Technology shares are mixed in pre-market trading today.
In technology stocks news, IBM (
) is down more than 3% today after management said it had a
difficult cash flow year in 2013, with cash flow down more than
Late yesterday, IBM reported Q4 EPS of $6.13, ahead of the
analyst consensus of $6.00 per share on Capital IQ. Revenue was
$27.7 bln, below expectations of $28.2 bln.
And, Motorola Solutions (
) said its Q3 earnings from continuing operations jumped 52% to
$1.67, exceeding the $1.62 average Capital IQ analyst estimate
while total sales rose 3% to $2.5 billion, in line with the
Non-GAAP earnings included a one-time tax benefit of $1.25 per
share. MSI closed higher 1.53% yesterday.
Finally, electronic components manufacturer TE Connectivity Ltd.
) said adjusted EPS for Q1 2014 was a record $0.82 versus the
Capital IQ consensus of $0.77. Year-ago adjusted EPS was $0.65.
Net sales increased to $3.33 billion, up 6% versus the prior
year, in line with analysts' estimate.
The company forecasts adjusted EPS of $0.88 to $0.92 on net
sales of $3.4 to $3.5 billion for Q2. Analysts are looking for
adjusted earnings of $0.89 on revenues of $3.4 billion.
For fiscal 2014, the company expects net sales of $13.8 to $14.2
billion and adjusted EPS of $3.65 to $3.85. Analysts polled by
Capital IQ are expecting earnings of $3.67 and revenues of $13.9
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