Pre-Market Movers: Copart Inc, Baker Hughes, Athlon Energy, LightInTheBox

Technology Stocks News 4

Copart, Inc. (NASDAQ:CPRT), provider of online auctions and vehicle remarketing services, reported late on Tuesday Q2 2014 net income of $45.3 million, or $0.35 per diluted share. If comparable, it would have been 2 cents shy of the Capital IQ consensus. Year-ago net income was $39.6 million, or $0.31 per diluted share. Revenue increased 7.6% year over year to $286.4 million. On average, analysts surveyed by Capital IQ were looking for $294 million. CPRT was up 0.5% after hours.

LightInTheBox (NYSE:LITB) reported Q4 revenue of $78.8 million, up nearly 22% from the year ago quarter and ahead of the analyst consensus of $76.2 million on Capital IQ. Net loss was $0.06 per share, vs. a year ago gain of $0.01. Net loss per ADS was $0.11, vs. a year ago gain of $0.01 per share. The Street view was a loss of $0.04 per share. It’s unclear which earnings number is comparable to the analyst consensus. For Q1, the company expects revenue between $78 and $80 million, below expectations of $84.5 million.

Oilfield services provider Baker Hughes Incorporated (NYSE:BHI) and privately-held energy technology company WellDog have teamed up to develop AquaTracker, a pressure sensor system for monitoring aquifer water levels. This sensor system helps natural gas development companies in detecting small movements of water between different geological zones for monitoring fluid displacement. Terms of the deal were not disclosed.

Exploration and production company Athlon Energy Inc. (NYSE:ATHL) reported last night Q4 2013 net income attributable to stockholders of $22.0 million, or $0.27 per diluted share. This represents an increase over last year’s $10.5 million, or $0.15 per diluted share. Total revenues climbed 98% year over year to $91 million from $46 million. No analyst estimates were available for comparison. ATHL was up 2% after hours.

 

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