Top Tech Stocks
Technology stocks were giving back much of their prior gains, with shares of tech companies in the S&P 500 still hanging on to a 0.2% gain this afternoon.
In company news, Jack Henry & Associates ( JKHY ) slumped Wednesday, with shares of the technology consulting firm earlier hitting a session low of $100.05 a share despite last night reporting an increase in fiscal Q4 revenue topping analyst projections.
Revenue at the company rose 5% over year-ago levels to $383.8 million, topping the Capital IQ consensus by slightly less than $11 million. It earned $0.83 per share during the three months ended June 30, improving compared with a non-GAAP profit of $0.78 per share last year and matching Street views for the April-to-June reporting period.
In other sector news,
(+) RADA, (+7.2%) Wins $8 mln contract award to provide the U.S. military with dozens of the company's multi-mission hemispheric radars for air surveillance. Additional orders also are possible in the future, the company said.
(-) MICT, (-10.6%) Reports non-GAAP net loss of $0.18 per share, expanding on a $0.16 per share loss last year, while revenue rises 12% over year-ago levels to $5.9 mln. No analyst estimates were available.
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