Technology stocks were slipping premarket Tuesday, with the Technology Select Sector SPDR Fund (XLK) 0.5% lower and the SPDR S&P Semiconductor ETF (XSD) declining by 0.9% recently.
Zebra Technologies (ZBRA) was shedding over 18% in value after it reported fiscal Q2 non-GAAP earnings of $3.29 per diluted share, down from $4.61 a year earlier. Analysts polled by Capital IQ expected $3.28.
Arista Networks (ANET) was rallying by more than 14% after it reported Q2 adjusted earnings of $1.58 per diluted share, up from $1.08 a year earlier. Analysts polled by Capital IQ expected $1.44.
Uber Technologies (UBER) was up more than 1% after it reported a Q2 net income of $0.18 per diluted share, swinging from a loss of $1.33 a year earlier. Analysts polled by Capital IQ expected a per-share loss of $0.01.
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