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Sector Update: Tech Stocks Mixed Premarket Tuesday
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Sector Update: Tech Stocks Mixed Premarket Tuesday
Jul 30, 2024 6:37 AM

09:10 AM EDT, 07/30/2024 (MT Newswires) -- Technology stocks were mixed premarket Tuesday as the Technology Select Sector SPDR Fund ( XLK ) was up 0.2% and the SPDR S&P Semiconductor ETF ( XSD ) was recently down 0.4%.

Corning (GLW) shares fell past 6% after it reported Q2 net sales of $3.25 billion, up from $3.24 billion a year earlier but missing the $3.58 billion estimate from analysts polled by Capital IQ.

Zebra Technologies ( ZBRA ) shares advanced by nearly 6% after it reported Q2 net sales of $1.22 billion, up from $1.21 billion a year earlier. The company also raised its full-year non-GAAP earnings per share outlook.

Leidos Holdings ( LDOS ) shares were up almost 2% after it reported higher Q2 non-GAAP earnings and revenue. The company also lifted its full-year guidance for non-GAAP earnings per share.

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