4 Tech ETFs Look Rosy On Apple Earnings Beat

After the closing bell on Tuesday, Apple Inc. (AAPL – Analyst Report) infused further optimism in the technology sector with record fourth-quarter fiscal 2015 results. The technology giant beat on earnings and revenues driven by surging sales in China and provided an upbeat outlook for the holiday quarter.  

This has kept alive the strong momentum in the technology sector seen in the past few days owing to a string of better-than-expected results from the three heavy weights – Alphabet (GOOGL), Microsoft (MSFT), and Amazon (AMZN). As per the Zacks Earnings Trend, the technology sector has held up well in this weak Q3 earnings season as total earnings for 65.6% of the sector that has reported so far are up 9.2% on 5.3% higher revenues, with earnings and revenue beat ratio of 68.8% and 62.5%, respectively (see: all the Technology ETFs here).

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Author: Travis Esquivel

Travis Esquivel is an engineer, passionate soccer player and full-time dad. He enjoys writing about innovation and technology from time to time.

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