Top Technology Stocks:
Leading technology stocks were declining pre-market Tuesday.
Early movers include:
(-) Covetrus (CVET), which was slumping more than 35% after the company posted a Q2 GAAP loss of $0.09 per share, compared to earnings of $0.40 per share in the same period a year ago.
(-) Tencent Music Entertainment Group (TME) was slipping more than 6% after it booked non-GAAP earnings per American depositary shares that beat but revenue that missed Wall Street expectations. Non-GAAP earnings per ADS were RMB0.67 ($0.10) for the June quarter, above the RMB0.59 average estimate of analysts surveyed by Capital IQ.
(-) II-VI (IIVI) was more than 6% lower as the optical components company reported fiscal Q4 earnings and sales that beat estimates but offered a downbeat assessment of the current quarter. Its Q4 adjusted earnings totalled $0.67 per share, up from $0.52 in the same period a year ago and topping the estimate of $0.66 from analysts polled by Capital IQ.