In company news, shares of Digital Turbine Inc. (
) were finishing with big gains Friday after the mobile applications company raised the bottom of its Q1 revenue guidance, now topping analyst projections.
The company now sees revenue for its June quarter in a new range of $18.6 million to $18.7 million, up $1.7 million from its prior outlook and now edging out the Capital IQ consensus by at least $150,000.
APPS shares were up almost 14% at $2.94 each this afternoon, easing from an earlier run to $3.07 a share.
In other sector news,
(+) KONE, Reports $2.6 mln profit during the first six months of 2015, reversing $700,00 net loss during year-ago period. Revenue jumps 136% over year-ago levels to $8.5 mln. Analyst estimates were not available.
(-) CUDA, Reports Q1 GAAP net loss of $3.8 mln, reversing $151,000 profit last year. Adjusted EPS of $0.09 beats by $0.01 per share. Revenue rises 18% to $78 mln, edging out Wall Street expectations by around $800,000.
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Original News: http://www.nasdaq.com/article/technology-sector-update-for-07102015-appscudakone-cm495454#ixzz3fYqtmyRU
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