09:06 AM EDT, 06/04/2025 (MT Newswires) -- Technology stocks were lower premarket Wednesday as the Technology Select Sector SPDR Fund (XLK) was down 0.1% and the SPDR S&P Semiconductor ETF ( XSD ) was recently declining by 0.2%.

CrowdStrike Holdings ( CRWD ) shares fell by more than 7% after the company reported a decline in fiscal Q1 non-GAAP earnings.

Guidewire Software ( GWRE ) shares were advancing by more than 14% after the company reported higher fiscal Q3 non-GAAP net income and revenue and raised its fiscal 2025 revenue outlook.

Lumentum ( LITE ) shares were up more than 9% after the company raised its fiscal Q4 guidance for diluted earnings per share and revenue.