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Technology stocks were mixed premarket Tuesday. The Technology Select Sector SPDR Fund (XLK) was up 0.4% and the iShares Semiconductor ETF (SOXX) was 0.07% lower recently.
Spotify (SPOT) reported a Q4 loss of 1.40 euro ($1.52) per diluted share, compared with a 0.21 euro loss a year earlier. Analysts polled by Capital IQ expected a loss of 1.28 euro. Spotify Technology was recently gaining 10.4% in value.
Allegro MicroSystems (ALGM) was climbing 4.6% after it reported fiscal Q3 non-GAAP earnings early Tuesday of $0.35 per diluted share, up from $0.19 a year earlier. Analysts polled by Capital IQ expected $0.32.
Open Text (OTEX) was up 3.4% after saying it has closed the previously announced acquisition of software technology and services provider Micro Focus International plc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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