Top Tech Stocks
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. (
) 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 (
) executive Brian McAndrews as its new chief executive officer. He
replaces Joe Kennedy, who said in March he was leaving the online
(-) AMD, Chip-maker dropped from the S&P 500 index,
effective with Sept. 20 close of trading. Tech-advisory firm SAIC
) also is leaving the closely watched market gauge and will be
replaced by Vertex Pharmaceuticals and Ametek (
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