Tech ETFs In Focus As Apple (AAPL) Reports Earnings

By: ETFdb
Earnings season is upon us yet again, giving anxious investors plenty to chew on as equity markets look for direction in the second half of the year. The first week of this critical stretch saw a number of reports come in all over the board; some bellwethers posted solid numbers and guidance while others disappointed investors with dismal outlooks and soft growth projections [see ETF Winners And Losers From Week One]. Thus far, the tech and financials sectors have been battered; Intel reported strong earnings, but IBM turned in light revenues and Texas Instruments shares sank after missing estimates. In perhaps the most anticipated report of the week, Apple (AAPL) disclosed Q3 earnings after the market closed today. Analysts had predicted the company to report revenues of $14.75 billion and EPS of $3.11; AAPL crushed those marks, producing revenues of $15.7 billion and EPS of $3.55 for the latest quarter, [...] Click here to read the original article on ETFdb.com. Related Stories: Technology ETFs In Focus As Yahoo And Apple Report Earnings Three Tech ETFs In Focus As Apple Releases iPad All Eyes On Apple: Tech ETFs In Focus
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