Technology stocks were advancing pre-bell Friday as the Technology Select Sector SPDR Fund (XLK) was up 0.2% and the SPDR S&P Semiconductor ETF (XSD) was almost 5% higher.
Ubiquiti (UI) was climbing past 5% after it reported fiscal Q4 adjusted earnings of $1.73 per diluted share, up from $1.54 a year earlier. A sole analyst polled by Capital IQ expected $1.80.
Marvell Technology (MRVL) was declining by more than 4% after it reported fiscal Q2 non-GAAP diluted earnings of $0.33, down from $0.57 a year earlier. Analysts surveyed by Capital IQ expected $0.32.
Domo (DOMO) was shedding over 35% after saying it expects a fiscal Q3 adjusted loss of $0.10 to $0.14 per share. Four analysts polled by Capital IQ expect a loss of $0.06.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Image and article originally from www.nasdaq.com. Read the original article here.