Top Tech Stocks
Technology stocks are little changed, with shares of technology
companies in the S&P 500 down less than 0.1% in afternoon
In company news, JinkoSolar Holding Co. Ltd. (
) is up 16% at $34.20 a share, earlier climbing to a new 52-week
high of $34.20 a share after the maker of solar equipment reported
a quarterly profit of $1.44 per share, swamping estimates of
Revenue rose 48% year over year to $320.7 million, also topping
the consensus view by around $18.7 million.
JKS also raised its order forecast for Q4 and FY13 by 200
megawatts, now expecting Q4 module shipments in a range of 500 to
530 megawatts and 1.7 to 1.8 gigawatts. The company is expecting to
have between 210 to 230 megawatts of solar photovoltaic projects
operating by the end of the year.
In other sector news,
(+) ATRM, (+5.9%) Promotes Daniel M. Koch to CEO, president from
his current role as vice president for marketing. Koch and Chief
Financial Officer Paul H. Askegaard also were named to the
company's board of directors, effective Nov. 15.
(-) IGT, (-3.9%) Hikes quarterly dividend by 10% to $0.11 per
share, payable Jan. 3 to shareholders of record on Dec. 20. The
1-cent increase marks the fifth consecutive quarter IGT has boosted
its dividend, now up 57% over the last 12 months.