09:09 AM EDT, 05/16/2024 (MT Newswires) -- Technology stocks were edging higher premarket Thursday as the Technology Select Sector SPDR Fund ( XLK ) and SPDR S&P Semiconductor ETF ( XSD ) were recently up 0.2%.

Cisco Systems ( CSCO ) was over 2% higher after the company reported fiscal Q3 earnings and sales that beat market expectations while raising its full-year revenue guidance range.

Lightspeed Commerce ( LSPD ) rose past 7% after it reported higher fiscal Q4 adjusted earnings and revenue.

Grab Holdings ( GRAB ) was up 5% after reporting that its Q1 loss narrowed as revenue increased during the period.