Technology stocks are moderately lower this afternoon with
shares of technology companies in the S&P 500 sliding about
In company news, Control4 (
) is finishing down nearly 15% at $20.30 a share after Thursday
reporting Q2 earnings of $0.08 per share, ex one-time items,
trailing the Capital IQ consensus by $0.03 per share. Revenues of
$32.5 million beat by around $300,000,
For Q3, the automation and controls company is expecting EPS of
$0.05 to $0.10, in-line with the consensus view looking for a $0.09
per share profit. Revenue is projected in a range between $32.5
million to $34.5 million, also matching estimates expecting $34.22
million in revenue.
FY13 revenue is seen at CTRL coming in at $126 million to $130
million. Analysts, on average, are at $128.82 million.
In other sector news,
(+) CRM, (+12.8%) Q2 EPS of $0.09 beats by $0.02 while revenue
climbs 30.8% over year-ago quarter to $957 mln, topping estimates
by $18 mln. Guides Q3 earnings at least $0.01 per share above
Street, revenue in-line. FY14 EPS, revenue also match
(-) OVTI, (-15.2%) Q1 revenue climb 44.8% year over year to
$373.7 mln but misses by $2.7 mln. EPS of $0.55 beats by $0.12 per
share. Issues guidance in-line with analyst projections for $0.50
per share profit on $376.39 mln in revenue. Also, Oppenheimer
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