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FDS

Sector Update: Technology Shares Flat to Lower Pre-Market

Top Technology Stocks:

MSFT: +0.30%

AAPL: -1.20%

IBM: flat

CSCO: flat

GOOG: -0.02%

Technology shares were flat to lower in pre-market trade Tuesday.

In technology stocks news, FactSet Research Systems ( FDS ) reported fiscal Q4 results up from year ago levels and in line with the Street's view.

The provider of global financial information and analytical applications to the investment community said earnings in the quarter ended Aug. 31 rose 7% to $55.4 million, or by 11% on a per-share basis to $1.31 per diluted share, in line with the $1.31 average GAAP estimate from analysts polled by Capital IQ. Revenue rose 9% to $238.7 million compared to the $237.3 million consensus.

FDS closed down 1.4% on Monday, near the higher end of the 52-week range between $101.41 and $129.75. It was inactive in recent pre-market trade.

And, Espey Mfg. & Electronics ( ESP ), a power electronics design and original equipment manufacturing company, swung to loss in its fiscal fourth quarter due to a cancelled engineering design contract.

Net loss was $0.7 million, or $0.31 loss per diluted share, in the three months ended June 30, compared with net income of $2.3 million, or $1.02 per diluted share, a year earlier.

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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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