Markets

Sector Update: Technology Shares Lower Pre-Market

Top Technology Stocks:

MSFT: +0.07%

AAPL: -0.07%

IBM: -0.04%

CSCO: +0.17%

GOOG: flat

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

In technology stocks news, shares of Chinese online marketer 58.com ( WUBA ) were falling in this morning's pre-market trade after forecasting revenue during the current quarter trailing Wall Street expectations, upstaging Q2 adjusted earnings and revenue that beat the analyst consensus.

For the current quarter ending next month, the company is projecting revenue in a range of $66 million to $68 million, representing as much as 63% growth over the same quarter last year but trailing the Street view expecting over 74% growth by at least $4.6 million.

And, Perceptron ( PRCP ), a maker of 3D machine vision solutions for measurement, inspection, and robot guidance in industrial applications, reports Q4 diluted EPS of $0.10, below the two analyst estimate of $0.23 per Capital IQ, and lower compared to $0.46 a year ago.

Sales in Q4 2014 were $17.4 million, falling short of the Street view of $19.0 million, and a decrease compared to $20.7 million a year ago.

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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