Markets

Sector Update: Technology

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Technology shares are higher in pre-bell trading. Cogent Communications ( CCOI ) reported Q2 earnings of $0.03 per share, compared with the prior-year period's $0.04 loss per share.

Revenues were $85.8 million, up 10.3% from $77.8 million in the same quarter last year. Analysts polled by Capital IQ were expecting EPS of $0.04 on revenues of $86.49 million. Shares, flat in pre-market, closed at $28.85 with a 52-week range of $17.95 - $30.08.

And, Scientific Games ( SGMS ) is down about 6% at $12.70 as it says Q2 sales were $235 million, above the Thomson Reuters mean for $230.57 million. Net loss from continuing operations was $0.14 per share, worse than estimates for a $0.02 profit.

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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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