that Samsung could replace Google with Microsoft's Bing as the default search engine on its devices.
The asset manager reported $1.52 in earnings per share on $3.10 billion in revenue. Analysts surveyed by Refinitiv were expecting. $1.64 in earnings per share on $3.12 billion in revenue. Of the 30 companies that have reported so far, 90% have beat earnings per share expectations, marking the best beat rate after week one since at least 2012, wrote Savita Subramanian in a Monday note to clients.
Overall, consensus expectations are calling for a more than 7% decline in first-quarter earnings for the S&P 500 year over year, she noted.
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