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Sector Update: Tech Stocks Mixed Pre-Bell Wednesday
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Sector Update: Tech Stocks Mixed Pre-Bell Wednesday
Mar 27, 2024 6:33 AM

09:20 AM EDT, 03/27/2024 (MT Newswires) -- Technology stocks were mixed pre-bell Wednesday, with the Technology Select Sector SPDR Fund ( XLK ) 0.6% higher and the SPDR S&P Semiconductor ETF ( XSD ) inactive.

NCino ( NCNO ) stock was up over 17% after the company overnight reported higher Q4 non-GAAP earnings and revenue.

Velo3D ( VLD ) shares were down nearly 35% after the company late Tuesday reported that its Q4 non-GAAP net loss widened as revenue fell during the period.

Concentrix ( CNXC ) stock was more than 4% lower after the company reported fiscal Q1 non-GAAP earnings of $2.57 per diluted share, down from $2.59 a year earlier. Three analysts surveyed by Capital IQ expected $2.58.

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