More on Earnings

Here’s another earnings update from Wendy Soong at Bloomberg. Of the 500 companies in the S&P 500, 351 stocks have reported so far. A total of 235 (or 67%) have beaten expectations, 39 (11.1%) matched and 77 (21.9%) came in below expectations.

Earnings are tracking for a decline of 0.6%. When you take out financials, earnings are down 1.4%. Earnings are now expected to decline by 1.1% in Q3, then rise by 10% in Q4.

Posted by on August 1st, 2012 at 4:45 pm


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