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Technology stocks were retreating pre-bell Tuesday. The Technology Select Sector SPDR Fund (XLK) and the iShares Semiconductor ETF (SOXX) were recently slipping past 1%.
Sapiens International (SPNS) was down more than 3% after the company reported Q4 non-GAAP earnings of $0.32 per diluted share, compared with $0.32 a year earlier. Analysts polled by Capital IQ expected $0.31.
STMicroelectronics (STM) said Monday it repurchased 139,089 ordinary shares at an average price of 45.8388 euros, for a total of about 6.4 million euros. STMicroelectronics was more than 2% lower pre-bell Tuesday.
Hewlett Packard Enterprise (HPE) said OL Groupe, the operator of the Olympique Lyonnais football club, has chosen the company to provide an edge-to-cloud platform. The company’s shares were slightly lower in Tuesday’s premarket activity.
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