Technology stocks were leaning lower pre-bell Thursday. The Technology Select Sector SPDR Fund (XLK) was down 0.15% and the iShares Semiconductor ETF (SOXX) was 0.08% lower recently.
UiPath (PATH) was gaining over 17% in value after it reported fiscal Q4 adjusted net income of $0.15 per diluted share, up from $0.05 a year earlier. Analysts polled by Capital IQ called for $0.07.
Adobe Systems (ADBE) was advancing by more than 4% after it reported late fiscal Q1 non-GAAP earnings of $3.80 per diluted share, up from $3.37 a year earlier. Analysts polled by Capital IQ expected $3.68.
Baidu (BIDU) introduced Ernie Bot in a presentation by Chief Executive Robin Li, who demonstrated the artificial intelligence chatbot’s capabilities. Baidu was recently down more than 5%.
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