We are in the middle of the Q2 earnings season with results from 208 S&P 500 members, representing 50.5% of the index’s total market capitalization, already out.

So far, total earnings of these 208 index members are down 4.7% year over year in spite of 0.4% higher revenues. However, 73.1% of the companies have managed to beat EPS estimates while 51.9% have exceeded top-line expectations.

For the technology sector, we have Q2 results from 61.4% of the sector’s total market capitalization in the S&P 500 index. So far, total earnings are down 8.2% year over year on 0.5% lower revenues, with 78.6% beating EPS estimates and 71.4% beating revenue expectations.

Just like other sectors, the performance of technology companies has been marred by global growth concerns, a strengthening dollar and market volatility. An added concern is Britain’s decision to exit the European Union.

Let’s take a sneak peek into four technology companies - Hutchinson Technology Inc. , Lexmark International, Inc. , MoSys, Inc. and United States Cellular Corporation (USM Quick QuoteUSM - Free Report) that will report on Jul 29.

Hutchinson is a world leader in precision manufacturing and specializes in design and manufacture of close-tolerance products that require chemical, mechanical and electronic technologies.

For the quarter, this Zacks Rank #3 (Hold) stock has an Earnings ESP of 0.00% as both the Most Accurate estimate and the Zacks Consensus Estimate are pegged at a loss of 28 cents.

Last quarter, Hutchinson posted a negative earnings surprise of 8.70%. The company’s earnings exceeded the Zacks Consensus Estimate in three of the preceding four quarters with an average positive surprise of 24.30%.

HUTCHINSON TECH Price and EPS Surprise

HUTCHINSON TECH Price and EPS Surprise | HUTCHINSON TECH Quote

Lexmark and its subsidiaries are engaged in manufacturing and supplying printing, imaging, managed print services (MPS), device management, business process, document workflow and content management solutions worldwide.

For the quarter, Lexmark has an Earnings ESP of 0.00% and it carries a Zacks Rank #3. The Zacks Consensus Estimate for the quarter is pegged at 82 cents.

Last quarter, the company posted a negative earnings surprise of 63.53%. Notably, Lexmark has missed the consensus mark in three of the preceding four quarters, resulting in a negative average surprise of 14.42%.

LEXMARK INTL Price and EPS Surprise

LEXMARK INTL Price and EPS Surprise | LEXMARK INTL Quote

MoSys develops, licenses and markets innovative memory technologies for semiconductors.

For the quarter, MoSys has an Earnings ESP of 0.00% as both the Most Accurate estimate and the Zacks Consensus Estimate are pegged at a loss of 9 cents.

Last quarter, the company’s earnings were in line with the Zacks Consensus Estimate. MoSys has exceeded the consensus mark once, matched it twice and missed it once in the preceding four quarters resulting in an average beat of 2.82%.

MOSYS INC Price and EPS Surprise

MOSYS INC Price and EPS Surprise | MOSYS INC Quote

United States Cellular Corp. is a leading provider of wireless telecommunications services in the U.S.

For the quarter, this Zacks Rank #3 stock has an Earnings ESP of 0.00% as both the Most Accurate estimate and the Zacks Consensus Estimate are pegged at 17 cents.

Last quarter, the company posted a negative earnings surprise of 56.52%. The company’s earnings exceeded the Zacks Consensus Estimate in three of the preceding four quarters with an average positive surprise of 1530.54%.

US CELLULAR Price and EPS Surprise

US CELLULAR Price and EPS Surprise | US CELLULAR Quote

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