Corporate earnings are not meeting expectations thus far. Roughly 160 S & P 500 companies have posted third-quarter results thus far, with their bottom lines growing by an average of just 2.6%, per FactSet. The blended growth rate, which includes the reports already out and estimates for those on the docket, points to overall S & P 500 earnings growing at 3.4% from the year-earlier period. Both of those are below the anticipated 4.2% earnings expansion heading into the reporting period.
Research chief investment strategist Sam Stovall also noted that the bar for this season was especially high. Profits this time last year grew by more than 5% year over year. In other words, companies will have a tougher time meeting expectations. To be sure, the S & P 500 rebounded slightly from a three-day slide on Thursday thanks in part to strong earnings reports. Tesla, Whirlpool and PayPal all reported better-than-expected profits, sending their shares higher.
हमने इस समाचार को संक्षेप में प्रस्तुत किया है ताकि आप इसे तुरंत पढ़ सकें। यदि आप समाचार में रुचि रखते हैं, तो आप पूरा पाठ यहां पढ़ सकते हैं। और पढो:
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Similar News:आप इससे मिलती-जुलती खबरें भी पढ़ सकते हैं जिन्हें हमने अन्य समाचार स्रोतों से एकत्र किया है।
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