Technology stocks advanced pre-bell Friday with the Technology Select Sector SPDR Fund (XLK) 0.1% higher and the SPDR S&P Semiconductor ETF (XSD) up 0.2% recently.
Ericsson (ERIC) shares declined by over 9% after the company reported higher Q4 earnings and net sales that still missed market expectations.
Twilio (TWLO) shares rose past 19% after the company said it expects Q4 adjusted earnings per share to exceed its guidance as revenue is estimated to increase by 11% year-over-year. The company also said its board approved a $2 billion share buyback program.
Texas Instruments (TXN) shares were down more than 4% after the company reported lower Q4 earnings and revenue.
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