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ACN

Technology Sector Update for 09/24/2015: CNTF, ACN

Top Technology Stocks:Â

MSFT: -1.23%

AAPL: -0.84%Â

IBM: flat

CSCO: -0.44%

GOOG: -0.90%

Technology shares were lower in pre-market trade Thursday.

In technology stocks news, China TechFaith Wireless Communication Technology ( CNTF ), a Chinese maker of mobile handsets, said its Q2 net loss narrowed, though revenue slipped and it forecast a major drop in Q3 sales due to the loss of orders from a major client.

The net loss was $1.8 million, or $0.03 per basic and diluted American Depositary Share compared to a net loss of $2.1 million, or $0.04 per share a year earlier. Analyst estimates weren't available.

And, Accenture ( ACN ) shares were down 4.5% pre-bell after it reported fiscal Q4 earnings and revenue that exceeded estimates while its guidance for fiscal Q1 revenue fell short of the Street's view, weighed down by a negative foreign exchange effect.

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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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