Technology
SPI

Technology Sector Update for 06/01/2017: XPLR,SPI,HPE

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Technology stocks were little changed this afternoon, with shares of tech companies in the S&P 500 climbing almost 0.1%.

In company news, Xplore Technologies Corp. ( XPLR ) declined Thursday, with shares of the manufacturer of rugged mobile personal computers falling to within 8 cents of their $1.72-a-share all-time low after last night reporting fiscal Q4 revenue trailing the analyst mean.

Revenue retreated 18% during the three months ended March 31 compared with the same reporting period last year to $16.9 million, missing the Capital IQ consensus by around $1.8 million as supply-chain constraints delayed delivery of multiple customer orders into the current quarter.

The company also recorded a $0.04 per share net loss during the January-to-March period, more than halving its year-ago net loss of $0.09 per share and beating the Street view by a penny.

In other sector news,

(+) SPI, (+28.3%) Agrees to sell its equity stake in Todderstaffe Solar Ltd, which owns a 4.5-megawatt solar project in the UK, to Capital Stage AG, Germany's largest independent solar park operator. Also receives Nasdaq delisting warning after its ADS fall under $1 minimum bid price.

(-) HPE, (-6.3%) Projected non-GAAP Q3 EPS of $0.24 to $0.28 trails Street view by at least $0.03 per share. Also reports adjusted Q2 net income of $0.35 per share, matching Capital IQ consensus. Revenue falls 22.1% from year-ago levels to $9.9 bln, narrowly edging out the $9.75 bln consensus.

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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