Tech stocks are mostly higher with shares of technology
companies in the S&P 500 advancing 0.4% as a group.
In company news, Microsoft Corp (
) is up 6% and closer to 52-week highs after late yesterday posting
better-than-expected fiscal Q1 earnings and reporting improved
sales of tablet computers and progress in its corporate overhaul.
The software and device company reported Q1 revenue of $18.53
billion, beating the analyst consensus by $750 million. EPS of
$0.62 tops Street view by $0.08 per share.
In other sector news,
(+) MKTO, (+5.9%, near 52 week highs) Narrows Q3 net loss by
$0.02 compared to last year, beating analyst estimates by $0.04.
Revenue jumps 65.6% year over year to $25.5 mln, topping Street
view by $2.07 mln. Expects wider Q4 loss than analysts but sees
revenue beating expectations.
(-) QLIK, (-18%) Q3 revenue rises 20.9% over the same quarter
last year to $104.1 mln, trailing Street view by $3.69 mln. EPs of
$0.05 beats by $0.02 per share. Guides Q4 EPS, revenue guidance at
least $0.14 per share and 4.92 mln under consensus,
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