Earnings of S&P 500 companies fell -2.2%, the third straight quarter for a year-over-year decline, according to FactSet. Still, 75% of S&P firms posted earnings surprises, and 60% reported revenue surprises. A big majority of those in financial services, 80%, had sales that topped estimates; the upside was about 3% over anticipated results.
--- Related on ThinkAdvisor:
NOT FOR REPRINT
© Touchpoint Markets, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to TMSalesOperations@arc-network.com. For more information visit Asset & Logo Licensing.