Markets

Technology Sector Update for 05/08/2015: BITA, EBIX, AOL

Top Technology Stocks:

MSFT: +0.56%

AAPL: +0.27%

IBM: +0.58%

CSCO: +0.19%

GOOG: +0.06%

Technology shares were higher in pre-market trade Friday.

In technology stocks news, Ebix ( EBIX ), a supplier of software and e-commerce products to the insurance industry, reported Friday its financial results for Q1 2015 that topped analyst estimates.

Net income was $18.3 million, or $0.51 per share; up from $15.4 million, or $0.40 per share in Q1 2014. Capital IQ provided a Street estimate of $0.43 earnings per share.

And, AOL ( AOL ) was 5% higher in pre-market trade Friday after comfortably beating Q1 estimates. Shares were up 2% at $40.22 in recent trade. The stock has a 52-week range of $32.31 - $49.86.

Finally, Bitauto Holdings' ( BITA ) American depositary shares climbed 4% in Friday's pre-market session after the provider of Internet content and marketing services for China's automotive industry reported Q1 adjusted earnings and revenue above analysts' expectations and issued upbeat Q2 guidance above Street estimates.

BITA was up 5% at $63.75 in recent pre-market trading , in a 52-week range of $32.60 to $98.28.

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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