Sector Update: Tech Stocks Edge Higher Premarket Tuesday

Last Updated: Tuesday, September 27, 2022 9:08 AM | MT Newswires

Technology stocks were edging higher premarket Tuesday. The Technology Select Sector SPDR ETF (XLK) and the Semiconductor Sector Index Fund (SOXX) were climbing past 1% recently.

Jabil (JBL) was advancing by more than 3% after it reported fiscal Q4 core diluted earnings of $2.34, up from $1.44 last year. Analysts polled by Capital IQ expected $2.14.

Endava (DAVA) was climbing past 3% after it reported fiscal Q4 adjusted earnings of 0.51 British pounds ($0.55) per diluted share, up from 0.41 pounds a year earlier. Analysts polled by Capital IQ expected 0.49 pounds.

TD SYNNEX (SNX) reported fiscal Q3 non-GAAP earnings of $2.74 per diluted share, up from $2.14 a year earlier. Analysts polled by Capital IQ expected $2.73. TD SYNNEX was over 2% lower recently.

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