Top Tech Stocks
Technology stocks are ending with small gains and shares of
technology companies in the S&P 500 climbing about 0.1% in
In company news, Youku Tudou (
) is up more than 10% at $29.02 a share after reporting a 14%
increase in Q3 revenue over the year-ago period to $140.2 million,
topping analyst expectations by $1 million.
The online television company also narrowed its adjusted net
loss to $0.01 per share, also beating the Street view by a
For Q4, the company is forecasting revenue of 35% to 42% to
between $141.2 million to $147.7 million, trailing the Capital IQ
consensus by around $3.4 million. YOKU also said it expects to
reach non-GAAP profitability during the quarter.
In other sector news,
(+) ICLD, Online data management, storage and monitor service
nearly triples in prices after reversing a $2.16 per share net loss
last year by earning $0.12 per share in Q3. Revenue surges 448%
over year-ago levels to $16.2 mln.
(-) LMOS, Prices secondary offering of 2.51 mln shares by
Quadrangle Capital Partners LP at $20 per share, a 2.6% discount to
last night's closing price. The company did not receive any of the
$50.2 mln in gross proceeds generated by the deal.
Copyright (C) 2013 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.