09:03 AM EDT, 03/27/2025 (MT Newswires) -- Technology stocks declined premarket Thursday as the Technology Select Sector SPDR Fund (XLK) was down 0.5% and the SPDR S&P Semiconductor ETF ( XSD ) was 0.1% lower recently.

TD Synnex ( SNX ) shares fell past 12% after the company reported fiscal Q1 non-GAAP earnings and revenue that missed analysts' expectations. The company also issued fiscal Q2 outlook below analysts' estimates.

Telesat ( TSAT ) shares declined by over 10% after the company reported that it swung to a Q4 net loss as revenue declined during the period.

Trident Digital Tech ( TDTH ) shares rose by over 23% after the company said it received board approval to repurchase up to $1 million of its class B shares in the form of American depositary shares, effective April 27.