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Sector Update: Technology Shares Higher Pre-Bell; Superconductor's Q2 Revenues Decline

Posted
8/13/2013 8:46:00 AM
By: MT Newswires
Referenced Stocks:CIMT;SCON

Top Technology Stocks:

MSFT: -0.88%

AAPL: +0.59%

IBM: +0.22%

CSCO: -0.53%

GOOG: flat

Technology shares are higher in pre-bell trading. Superconductor Technologies ( SCON ) reports Q2 net revenues of $555,000 down from revenue of $596,000 million in the Q2 2012.

Net loss for Q2 2013 was $2.4 million, or a loss of $0.54 per basic and diluted share compared to a net loss of $3.4 million, or a loss of $1.03 per basic and diluted share, in Q2 2012. Analyst estimates were not available. SCON is flat at $1.62.

Cimatron Ltd. ( CIMT ) reported second quarter 2013 non-GAAP net profit of $1.2 million, or $0.13 per diluted share, compared to a net profit of $1 million, or $0.11 per diluted share, recorded in the same quarter of 2012.

Revenues for the quarter were $11 million, compared to $10.6 million recorded in Q2 2012. No analyst estimates were available for comparison. CIMT is flat at $7.03.