Technology shares were generally higher in pre-market trade
In technology stocks news, Trina Solar (
) reported Q1 revenue of $444.8 million, up 70.9% year-over-year
and ahead of the analyst consensus of $421.5 million on Capital IQ.
Earnings per ADS were $0.37, up from a year ago loss of $0.90 per
ADS. The Street view was $0.05 per ADS, if comparable.
In Q2 of 2014 the company expects to ship between 950 MW and
1,010 MW of PV modules, of which 150 MW to 170 MW will be shipped
to its downstream PV projects. Revenues will not be recognized for
the modules shipped to its own developed projects as required by
U.S. GAAP regulations.
And, Netflix (
) shares were up more than 1% pre-market after it announced plans
to expand in Europe, including in Germany, Austria, Switzerland,
France, Belgium and Luxembourg.
NFLX trades in a 52-week range of $205.75 to $458.00.
Finally, Gilat Satellite Networks (
) shares fell in Wednesday's pre-market session, after the
satellite-networking company reported it swung to a Q1 adjusted
loss as revenue fell.
GILT was down 5.2% at $4.60 in recent
, nearing the low end of its 52-week range of $4.09 to $6.11.
The company posted a Q1 net loss of $2.7 million, or $0.06 per
share, compared with a prior-year net loss of $2.4 million, or
$0.05 per share.
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