Technology stocks were retreating premarket Thursday. The Technology Select Sector SPDR Fund (XLK) was declining by 0.3% and the iShares Semiconductor ETF (SOXX) was recently down 0.5%.
Qualcomm (QCOM) was slipping past 7% after it reported fiscal Q2 non-GAAP earnings of $2.15 per diluted share, down from $3.21 a year earlier. Analysts polled by Capital IQ expected $2.16.
Confluent (CFLT) was rallying by 8% after it reported a Q1 adjusted loss of $0.09 per diluted share, smaller than the $0.19 loss per share a year earlier. Analysts polled by Capital IQ expected a loss of $0.14.
Datadog (DDOG) was gaining nearly 7% in value after it reported a Q1 non-GAAP net income of $0.28 per diluted share, up from $0.24 a year earlier. Analysts polled by Capital IQ expected $0.24.
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