Technology shares were generally mixed in pre-market trade
In technology stocks news, NII Holdings (
), a mobile phone service company, plunged more than 20% after it
said its Q4 net loss from continuing operations widened to $4.33
per diluted share from $3.45 a year ago as it lost subscribers,
particularly in Mexico.
Operating revenue fell to $1.08 billion from $1.38 billion a
year ago, roughly in line with analysts' estimates for $1.1
For Q4 the company reported a net loss of 247,000 subscribers,
with a drop of 390,000 in Mexico.
And, Internet protocol-based communications-services provider
) was down about 3% after it reported Q4 results above analysts'
expectations but forecast adjusted earnings per share for Q1 and
2014 well below Street estimates.
Q4 net income fell to $512,000, or $0.02 per share, from $4.9
million, or $0.17 per share. Excluding one-time items, the company
earned $0.47 per share in the latest period, down from $0.48 per
share a year earlier but above analysts' mean estimate of $0.42 per
share, according to Capital IQ.
Finally, autoNavi Holdings (
) was about 2% weaker in pre-market trading after the company
reported mixed financial results for Q4.
The company, which provides digital map content and navigation
and location-based solutions in China, reported Q4 non-GAAP net
loss per ADS attributable to AMAP shareholders of $0.41, which
excludes share-based compensation expenses, compared with $0.22 in
the year-ago period. Analysts polled by Capital IQ were expecting a
$0.10 loss per ADS.
Copyright (C) 2014 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.