TI, Nokia, Intel, Sirius: Tech Premarket
NEW YORK (TheStreet) -
Texas Instruments(TXN) was one of the big pre-market losers, falling 1.74% to $26.55 after the FBR Capital Markets downgraded the chip maker to underperform.
Citing the potential for weaker-than-expected third-quarter revenue guidance, FBR also highlighted possible challenges in the company's wireless business and gross margin impacts.
Dallas-based TI, which reports its second-quarter results next week, raised the low end of its revenue and earnings estimates last month.
Shares of Nokia fell 1.63% to $1.81 before market open.
Sirius XM(SIRI) also slipped in pre-market trading, dipping 0.49% to $2.04. The satellite radio specialist was one of the most active Nasdaq stocks on share volume of 202,852.
--Written by James Rogers in New York.
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