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via seekingalpha.comMarkets

Tech earnings scorecard: 21 of 22 companies beat EPS estimates this week

FROM THE WIRE · SEEKINGALPHA.COM

Information technology stocks grabbed the spotlight this week as Wall Street digested earnings reports from major companies, including Microsoft (MSFT [https://seekingalpha.com/symbol/MSFT]), Intel (INTC [https://seekingalpha.com/symbol/INTC]), and Sandisk (SNDK…

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bullishThe IT sector has outperformed the S&P 500 this year, with broad earnings beats.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01The tech sector gained nearly 31% year to date versus about 13% for the S&P 500.
  2. 0221 of 22 companies beat EPS and 20 beat revenue expectations.
  3. 03Microsoft shares rose after results, while Intel disappointed.
NEWS IMPACT AND MARKET REACTIONChange since the story · reference
Microsoft CorporationMSFTStock521.91 USDMarket closedtoday -1.55%Positive Intel Corp.INTCStock65.76 USDMarket closedtoday -28.58%Negative State Street Technology Select Sector SPDR ETFXLKETF179.51 USDMarket closedtoday -4.89%Positive
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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