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Sector Update: Technology Shares Mixed Pre-Market; iSoftStone up 4% as Q4 Sales Rise

By: MT Newswires
Posted: 4/22/2014 9:04:00 AM
Referenced Stocks: ISS;LXK;HSTM

Top Technology Stocks:

MSFT: +0.20%

AAPL: -0.18%

IBM: -0.26%

CSCO: +0.09%

GOOG: +0.36%

Technology shares were mixed in pre-market trade Tuesday.

In technology stocks news, shares in iSoftStone Holdings Limited ( ISS ) were up almost 4% pre-market after the China-based IT services provider reported Q4 earnings fell, but said sales gained 25%, topping expectations.

Diluted earnings per American Depositary Share fell to $0.04 compared with $0.13 in Q4, 2012. Each ADS represents 10 ordinary shares. Non-GAAP diluted earnings per ADS were $0.10 compared with $0.19 in the fourth quarter 2012. Quarterly EPS estimates weren't available.

Net revenues increased 25.1% to $130.3 million from $104.2 million in the year-ago period and topped analyst estimates for $119 million.

And, Lexmark ( LXK ) reported Q1 EPS of $0.92, better than the analyst consensus of $0.87 per share on Capital IQ. Revenue was $881 million, vs. expectations of $854 million.

For Q2, the company expects EPS Of $0.85 to $0.95, vs. Street estimates of $0.94 per share.

Finally, HealthStream ( HSTM ) late Monday reported Q1 EPS of $0.07, one penny below analyst consensus of $0.08. Revenues were $38.3 million, just shy of analyst estimates for $38.5 million. For the comparable quarter of 2013, HSTM reported EPS of $0.07 on revenues of $29.6 million.

For FY14, HSTM anticipates consolidated revenues growth of 25-29% and a decrease of 2%-11% in operating income. Shares of HSTM are flat at $24.38 after hours.