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Sector Update: Technology

Technology shares were mixed in pre-market trade Tuesday.

In technology stocks news, Science Applications International ( SAIC ) Tuesday reported net income of $34 million, or $0.69 per diluted share, on revenues of $977 million for Q1 ended May 2, 2014.

In the same period last year, net income was $33 million, or $0.67 per diluted share, on revenues of $1.1 billion. The improvement in net earnings followed the decrease in selling, general and administrative expenses to $22 million from $29 million last year.

Two analysts polled by Capital IQ were expecting net earnings of $0.67 per diluted share on $950 million in revenue.

And, Best Buy ( BBY ) increased its quarterly cash dividend to $0.19 per share from $0.17 per share, marking the first increase in two years.

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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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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