Earnings Season So Far

It’s still early but we have some numbers on Q3 earnings.

Of the 500 companies in the S&P 500, 60 have reported so far. Of the 60, 41 have beaten estimates, 13 have missed and six have come inline.

Earnings are tracking for a result of $24.26 which is an increase of 7.4%. However, a few of the financial stocks have crowded the early part of the earnings season so the final figure should be much better. Wall Street expects earnings growth of 12.1% (that’s 14% when you exclude financials).

The bottom line: Earnings are still healthy. For now.

Posted by on October 18th, 2011 at 2:40 pm


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