09:05 AM EDT, 06/06/2024 (MT Newswires) -- Technology stocks were flat to higher premarket Thursday as the Technology Select Sector SPDR Fund ( XLK ) was unchanged and the SPDR S&P Semiconductor ETF ( XSD ) was 1% higher recently.

Smartsheet ( SMAR ) rallied past 13% after the company reported that its Q1 earnings almost doubled as sales soared more than forecast during the period.

Semtech ( SMTC ) was over 8% higher after it reported fiscal Q1 non-GAAP diluted earnings of $0.06 per share, up from $0.04 a year ago.

Sprinklr ( CXM ) fell by 25% amid a fiscal Q2 guidance miss and a cut to the company's sales outlook for the full financial year.