Technology stocks were declining pre-bell Thursday. The Technology Select Sector SPDR Fund (XLK) was down 0.70% and the iShares Semiconductor ETF (SOXX) was 0.96% lower recently.
Nokia (NOK) was slipping past 7% reported Q1 comparable earnings of 0.06 euros ($0.07) per diluted share, down from 0.07 euros per share a year ago. Analysts polled by Capital IQ expected 0.07 euros.
Seagate Technology Holdings (STX) was over 4% lower after it reported a fiscal Q3 non-GAAP loss of $0.28 per diluted share, swinging from earnings of $1.81 a year earlier. Analysts polled by Capital IQ expected earnings of $0.21.
IBM (IBM) was slightly advancing after posting a Q1 revenue of $14.25 billion, up from $14.2 billion last year. Analysts polled by Capital IQ expected $14.33 billion.
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