Markets

Sector Update: Technology Shares lower Pre-Market

Highs and Lows Stock Data

Top Technology Stocks:

MSFT: +0.50%

AAPL: -0.13%

IBM: -0.19%

CSCO: -0.50%

GOOG: -0.16%

Technology shares were generally lower in pre-market trade Thursday.

In technology stocks news, Travelzoo ( TZOO ) reported Q2 earnings that were one cent ahead of expectations while sales fell 11% to miss the Street view.

The online travel, entertainment and deals information provider said Q2 non-GAAP earnings slipped to $0.30 per share from $0.34 the year earlier but exceeded the $0.29 consensus estimate from analysts polled by Capital IQ. Sales fell to $36.9 million from $41.3 million, missing the $39.6 million consensus estimate.

And, Fairchild Semiconductor International ( FCS ) reported fiscal Q2 earnings and sales that were ahead of analysts' expectations

The supplier of power semiconductors said adjusted earnings in the quarter ended June 29 soared to $0.20 per share from $0.01 the year earlier, exceeding the $0.11 average estimate from analysts polled by Capital IQ. Sales rose to $371.6 million or $356.5 million, also coming in ahead of the $366 million consensus estimate.

Finally, NetScout Systems ( NTCT ) reported fiscal Q1 results that surpassed analyst expectations based on strong demand from service provider customers and the growth of its nGeniusONE platform.

The application and performance management technology provider reported EPS of $0.36, up from $0.21 in Q2 2013 and beating analyst estimates of $0.27.

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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