Tech Sector Still Above Water in Late Trade; NetSol Technologies Rallies on Improved Q4 Results

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Top Tech Stocks

MSFT -0.18%

AAPL +1.04%

IBM -0.02%

CSCO -0.31%

GOOG -0.17%

Technology stocks are narrowly higher today with shares of technology companies in the S&P 500 gaining about 0.1%.

In company news, Software maker NetSol Technologies Inc. ( NTWK ) is up nearly 11% shortly before the closing bell after reporting a big jump in fiscal Q4 earnings.

NTWK earned $0.35 per share in its latest quarter, up from $0.25 per share during the same quarter last year and beating the Capital IQ consensus looking for a $0.23 per share profit.

Net revenue rose 5.5% year over year to $15.1 million, also topping analyst expectations by around $1.3 million.

In other sector news,

(+) P, Names former Microsoft ( MSFT ) executive Brian McAndrews as its new chief executive officer. He replaces Joe Kennedy, who said in March he was leaving the online radio company.

(-) AMD, Chip-maker dropped from the S&P 500 index, effective with Sept. 20 close of trading. Tech-advisory firm SAIC Inc. ( SAI ) also is leaving the closely watched market gauge and will be replaced by Vertex Pharmaceuticals and Ametek ( AME ).



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

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This article appears in: Investing , Commodities

Referenced Stocks: AME , MSFT , NTWK , SAI

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