Technology stocks were higher in premarket Thursday. The Technology Select Sector SPDR Fund (XLK) was up more than 1%, and the iShares Semiconductor ETF (SOXX) was last up 0.9%.
Meta Platforms (META) reported fourth-quarter diluted earnings per share of $1.76, down from $3.67 a year earlier. Analysts polled by Capital IQ expected $2.24. The value of Meta Platforms has recently increased by more than 20%.
Sony Corp (SONY) reported third-quarter diluted net income per share of 263.89 yen ($2.05), down from 276.65 yen a year earlier. Analysts surveyed by Capital IQ expected earnings of 234.75 yen. Sony Group recently gained more than 2%.
Macom Technology Solutions Holdings (MTSI) reported adjusted diluted earnings per share of $0.81 for the first quarter of fiscal 2023, compared to $0.64 in the same period last year, and shares rose 0.03%. Analysts polled by Capital IQ expected $0.80.
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