09:11 AM EDT, 04/30/2024 (MT Newswires) -- Technology stocks were edging lower premarket Tuesday with the Technology Select Sector SPDR Fund ( XLK ) down 0.5% and the SPDR S&P Semiconductor ETF ( XSD ) flat recently.

MicroStrategy ( MSTR ) fell more than 6% after it reported that it swung to a Q1 non-GAAP loss as revenue declined during the period.

NXP Semiconductors ( NXPI ) was up more than 4% after it reported higher Q1 non-GAAP net income and revenue.

F5 (FFIV) was down more than 10% after it reported fiscal Q2 revenue of $681.4 million, down from $703.2 million a year earlier. Analysts surveyed by Capital IQ expected $684.3 million. The company also issued fiscal Q3 guidance that fell short of estimates from analysts polled by Capital IQ.