Markets

Sector Update: Tech

Technology shares were generally higher in pre-market trading Wednesday.

EZchip Semiconductor ( EZCH ) reported Q2 sales rose 33% to $22.1 million from a year earlier. It earned $0.36 per share, up from $0.29 a year earlier and above the Capital IQ estimate of $0.34 per share

JinkoSolar Holding Company ( JKS ) said it signed a PV project-development agreement with the Economic Development Zone of Lishui City, Zhejiang Province, to develop a 500MW PV power plant with an aggregate investment amount of RMB5 billion.

Shares of Canadian Solar ( CSIQ ) jumped 11% in pre-bell trading Wednesday after the company reported strong Q2 results, with earnings and revenue beating the consensus of analysts polled by Capital IQ. The solar-panel maker posted Q2 net income attributable to the company of $55.8 million, or $0.95 per diluted share, compared to a net loss of $12.6 million, or $0.29 per diluted share in Q2 2013. Analysts were expecting EPS of $0.58.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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