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Tech stocks rose late Wednesday afternoon with the Technology Select Sector SPDR Fund (XLK) up 0.5% and the Philadelphia Semiconductor index gaining 0.1%.
In corporate news, Intapp (INTA) jumped 10% after the company late Tuesday posted fiscal Q1 adjusted earnings of $0.06 per share, up from $0.01 a year earlier.
Expensify (EXFY) plunged 37% after the company reported a wider Q3 net loss and a decline in sales.
Array Technologies (ARRY) shares slumped 19% after the company reported Q3 revenue of $350.4 million, down from $515 million a year earlier. Analysts polled by Capital IQ expected $376.9 million. Array also lowered its 2023 outlook.
Kyndryl (KD) shares gained 14% after the company’s fiscal Q2 results exceeded market expectations.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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