09:11 AM EST, 03/07/2024 (MT Newswires) -- Technology stocks were advancing premarket Thursday as the Technology Select Sector SPDR Fund ( XLK ) was 0.8% higher and the SPDR S&P Semiconductor ETF ( XSD ) was recently up 1.1%.

Yext ( YEXT ) was rallying past 21% after reporting that earnings in fiscal Q4 doubled from a year earlier, and as its earnings guidance for the full financial year topped market expectations.

Ciena (CIEN) was declining by more than 11% after it reported fiscal a Q1 revenue of $1.04 billion, down from $1.06 billion a year earlier.

Bilibili ( BILI ) was more than 5% lower even after reporting a narrowed Q4 adjusted loss and higher revenue for the quarter.