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Investors Eagerly Await Apple’s 4Q15 Earnings

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Overview

In this series, we’ll analyze the performances of Apple (AAPL), Microsoft (MSFT) and Juniper Networks (JNPR) in the First Trust ISE Cloud Computing Index ETF (SKYY).

Since January 2015, SKYY generated returns of 4.6% to close at $30.32 on October 23, 2015. In comparison, the PowerShares QQQ Trust Series 1 ETF (QQQ) has generated YTD returns of 5.4%.

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Subsector performance

In the above chart, we can see that the Communications Equipment subsector generated returns of -0.95%, whereas the Systems Software subsector generated returns of 0.06% in the trailing-five-day period.

Subsectors that have outperformed SKYY include Internet Retail, Internet Software & Services, and Home Entertainment Software with returns of 3.3%, 3.2%, and 1.5%, respectively.

Microsoft (MSFT) has generated trailing-five-day returns of 11.3%, whereas Juniper (JNPR) and Apple (AAPL) have generated returns of 5.6% and 7.2%, respectively. In comparison, NetSuite (N), VMware, and EMC (EMC) generated negative returns of -16.5%, -6.3%, and -6.01%, respectively, in the trailing-five-day period.

Apple to release earnings on October 27, 2015

On October 27, 2015, Apple will announce its 4Q15 results, and analysts are expecting revenues of $51.1 billion with earnings per share (or EPS) of $1.88. For the full year, revenues are expected to be $233.28 billion with EPS of $9.13.

In 4Q15, Apple reported revenues of $42.1 billion with diluted EPS of $1.42, whereas revenues for 3Q15 were $49.6 billion with EPS of $1.85.

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