We are nearing the end of the second quarter earnings season with results from 433 S&P 500 members that is almost 87.7% of the index’s total membership already out.

So far, total earnings of these 433 index members are down 4.1% year over year on 0.9% lower revenues, with 70.7% beating EPS estimates and 52.7% coming in ahead of top-line expectations.

Technology sector results have been notably better than expected. For this sector, we have Q2 results from 88.1% of the sector’s total market capitalization in the S&P 500 index. So far, total earnings are down 0.8% year over year in spite of 2.4% higher revenues, with 83% beating EPS estimates and 74.5% beating revenue expectations.

Let’s take a sneak peek into four IT companies - NVIDIA Corporation (NVDA Quick QuoteNVDA - Free Report) , Aspen Technology, Inc. (AZPN Quick QuoteAZPN - Free Report) , Liberty TripAdvisor Holdings, Inc. (LTRPA Quick QuoteLTRPA - Free Report) and Luxoft Holding, Inc. that will report earnings on Aug 11.

NVIDIA will report second-quarter fiscal 2017 results. The company designs, develops and markets a top-to-bottom family of 3D graphics processors, graphics processing units and related software worldwide.

For the quarter, this Zacks Rank #2 (Buy) company has an Earnings ESP of 0.00%. The Zacks Consensus Estimate is pegged at 37 cents.

Last quarter, the company posted a positive earnings surprise of 25.81%. Notably, NVIDIA has surpassed the Zacks Consensus Estimate in the four preceding quarters with an average positive surprise of 57.89%.

We believe that NVIDIA’s innovative product pipeline, strength in gaming and high-end notebook GPUs, and focus on GRID platforms will drive its results. We are also optimistic about the rising adoption of the company’s Tegra processors.

However, continuous decline in PC sales is a cause of concern for NVIDIA’s GPU segment. Competition from the likes of Intel and QUALCOMM Inc. add to its woes.

Aspen Technology is set to report fourth quarter fiscal 2016 results. The company is a recognized expert and leading provider of process optimization software and services.

For the quarter, Aspen Technology has an Earnings ESP of 0.00% and a Zacks Rank #3 (Hold). The Zacks Consensus Estimate for the quarter is pegged at 35 cents.

Last quarter, the company posted a positive earnings surprise of 39.39%. Notably, Aspen Technology has surpassed the Zacks Consensus Estimate in all of the four preceding quarters with an average beat of 24.08%.

Liberty TripAdvisor is expected to report second-quarter 2016 results. The company, together with its subsidiaries, is involved in online travel research and online commerce businesses worldwide.

For the quarter, Liberty TripAdvisor has an Earnings ESP of 0.00% and a Zacks Rank #3. The Zacks Consensus Estimate for the quarter is pegged at 6 cents.

The company has missed the Zacks Consensus Estimate in each of the four preceding quarters with an average negative surprise of 611.11%.

Luxoft Holding is set to report first quarter fiscal 2017 results. The company offers software development services and information technology solutions.

For the quarter, Luxoft Holding has an Earnings ESP of 0.00% and a Zacks Rank #3. The Zacks Consensus Estimate for the quarter is pegged at 36 cents.

Last quarter, the company posted a positive earnings surprise of 48.39%. For the four preceding quarters, Luxoft Holding has an average positive surprise of 20.63%.

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