Technology stocks were advancing premarket Tuesday. The Technology Select Sector SPDR ETF (XLK) was 0.41% higher and the Semiconductor Sector Index Fund (SOXX) was recently advancing by 0.27%.
Oracle (ORCL) reported fiscal Q1 non-GAAP earnings of $1.03 diluted per share, up from $0.93 a year earlier. Analysts polled by Capital IQ projected $0.97. Oracle was over 3% lower in recent trading.
Intuit (INTU) was up more than 1% after saying it agreed to buy marketing platform Mailchimp for about $12 billion in cash and stock.
Vimeo (VMEO) reported that its total revenue rose 33% for the month of August, compared with a 35% growth in July. Vimeo slipped nearly 3% in recent trading.