Earnings season off to strong start despite 'uncertain macro' environment ahead

  • 📰 YahooFinanceCA
  • ⏱ Reading Time:
  • 14 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 63%

Business News News

Business Business Latest News,Business Business Headlines

It's early innings in Q3 earnings season, but results from 32 companies in the S&P 500 indicate the earnings recession may be over.

After 32 S&P 500 companies have reported earnings, companies in the index are beating Wall Street's expectations by an average of 9% on earnings per share, according to Bank of America Research's equity strategy team.

The same could be said for the S&P 500, which is up nearly 1% since Pepsi reported strong results on Oct. 10. Charlie Munger is a fraction as wealthy as Warren Buffett. He'd be worth over $10 billion if he kept all of his Berkshire Hathaway stock.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 47. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Big Tech’s Profit Machine Is Propping Up S&P 500 Earnings(Bloomberg) -- With the list of stock-market worries growing seemingly by the day, investors looking to earnings season for a dose of good news are hanging...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Big Tech's Profit Machine Is Propping Up S&P 500 EarningsWith the list of stock-market worries growing seemingly by the day, investors looking to earnings season for a dose of good news are hanging their hopes on a…
Source: fpinvesting - 🏆 43. / 63 Read more »

Big Tech's Profit Machine Is Propping Up S&P 500 EarningsWith the list of stock-market worries growing seemingly by the day, investors looking to earnings season for a dose of good news are hanging their hopes on a…
Source: financialpost - 🏆 7. / 85 Read more »