This translation has been automatically generated and has not been verified for accuracy.Earnings for S&P 500 companies are seen increasing for the fourth quarter over a year earlier, according to IBES data from Refinitiv.
Earnings for the quarter are now expected to have risen 0.7 per cent from the year-ago quarter, based on results from 193 S&P 500 companies and estimates for the rest. At the start of the month, analysts had been expecting a 0.3 per cent year-over-year decline in fourth-quarter earnings, per Refinitiv’s data.Investors have been keeping a close eye on fourth-quarter results following a slight fall in third-quarter earnings, the first year-over-year decline for the S&P 500 since 2016.
Stronger-than-expected results recently from top technology names Microsoft, Apple and Intel contributed the most to the improvement so far in the fourth-quarter forecast, while Boeing Co.’s results were a drag, said David Aurelio, senior manager of equity markets research at Refinitiv. With the fourth-quarter results, major U.S. corporations are closing the books on a lackluster year of profit growth. But bullish investors have been hoping companies can shore up confidence that 2020 will show significant profit improvement in order to keep the stock market’s rally going.
globeinvestor Amazing what happens when you elect a billionaire business man who is a nationalist, instead of a substitute drama teacher who is a globalist.
globeinvestor And Canada is in rapid decline wonder why? High taxes and a crushing carbon tax plus insanely high interest rates and NO pipelines which equals NO investor confidence...Trudeau has destroyed the economy