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Sector Update: Tech Stocks Mixed Premarket Wednesday
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Sector Update: Tech Stocks Mixed Premarket Wednesday
Jul 10, 2024 6:22 AM

09:09 AM EDT, 07/10/2024 (MT Newswires) -- Technology stocks were mixed premarket Wednesday with the Technology Select Sector SPDR Fund ( XLK ) up 0.6% and the SPDR S&P Semiconductor ETF ( XSD ) declining by 1.6% recently.

Taiwan Semiconductor Manufacturing Company ( TSM ) shares were up more than 2% after the company reported a June revenue of 207.87 billion New Taiwan dollars ($6.37 billion), up from NT$156.40 billion a year earlier.

LegalZoom.com ( LZ ) shares fell past 28% after the company reduced its full-year outlook to between $675 million and $685 million. Analysts polled by Capital IQ expect $709.9 million.

Smart Global Holdings ( SGH ) shares were up nearly 8% after the company reported fiscal Q3 non-GAAP earnings of $0.37 per diluted share, down from $0.57 a year earlier but still topping the $0.31 estimate from analysts surveyed by Capital IQ.

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