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17 out of 18 Information Technology stocks deliver EPS wins this week: Earnings Scorecard Comments Information technology stocks grabbed the spotlight this week as Wall Street digested earnings reports from companies including Palantir Technologies (PLTR), Advanced Micro Devices (AMD) and QUALCOMM (QCOM) among others. The Information Technology sector (XLK) has gained over 24% so far Quick Insights AMD, Palantir, and Qualcomm all beat analysts' estimates for both earnings per share and revenue in their latest reports. However, Palantir and Qualcomm shares fell after earnings, despite positive results and guidance. Strong earnings results and high rates of EPS and revenue beats among IT companies are supporting the sector's more than 24% year-to-date gains, outperforming the 16% rise in the broader S&P 500. Almost 96% of technology companies reporting so far have beaten EPS expectations, with 94% also beating revenue estimates, indicating consistent outperformance in quarterly results. Recommended For You More Trending News
