Markets
DDD

Sector Update: Technology Shares Flat to Higher; 3D Systems Rebounding From 7% Declines on Reduced Guidance

Top Technology Stocks:

MSFT: +0.22%

AAPL: +0.52%

IBM: flat

CSCO: +0.13%

GOOG: +0.29%

Technology shares are flat to higher in pre-market trade today as several tech companies report earnings.

In other technology earnings news, 3D Systems Corporation ( DDD ), provider of 3D printing solutions, is down about 1%, easing off loss of near 7% in pre-market trade after reducing its non-GAAP EPS guidance due to higher costs. But for Q3 2013, the company had better-than-expected revenues and non-GAAP EPS that meets the Capital IQ consensus.

Non-GAAP diluted EPS was $0.26, in line with street view. Year-ago non-GAAP diluted EPS was $0.21.

Revenue grew 50% from the prior year to a record $135.7 million, topping the $131 million analyst estimate.

And, Thomson Reuters ( TRI ) reports adjusted Q3 earnings per share were $0.48, unchanged from prior-year period. Revenues were $3.1 billion.

Analysts expected $0.44 per share in earnings on $3.1 billion in revenue for Q3. The company expects revenue growth in the low single digits for 2013.

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

Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.


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

In This Story

DDD TRI

Other Topics

Commodities

Latest Markets Videos