Technology stocks were declining pre-bell Friday. The Technology Select Sector SPDR Fund (XLK) was down 1.8% while the iShares Semiconductor ETF (SOXX) was 2% lower.
Alphabet (GOOG, GOOGL) was declining more than 4% after the company reported Q4 earnings of $1.05 per diluted share, down from $1.53 a year earlier. Analysts polled by Capital IQ forecast $1.19.
Apple (AAPL) was down 1.7% as it reported fiscal Q1 adjusted earnings of $1.88 per diluted share compared with $2.10 a year earlier. Analysts polled by Capital IQ forecast EPS of $1.95.
Ubiquiti (UI) was gaining more than 4% after reporting fiscal Q2 adjusted earnings of $1.87 per diluted share, up from $1.66 a year ago. Analysts polled by Capital IQ expected $1.29.
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